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Thread: China posts its biggest trade surplus with the United States on record, exports fall sharply

  1. #1

    China posts its biggest trade surplus with the United States on record, exports fall sharply

    Escalation in trade war coming ?

    January 13, 2019 / 9:35 PM / Updated an hour ago
    China's exports shrink most in 2 years, raising risks for global economy

    Yawen Chen, Martin Quin Pollard
    4 Min Read

    BEIJING (Reuters) - China’s exports unexpectedly fell the most in two years in December and imports also contracted, pointing to further weakness in the world’s second-largest economy in 2019 and deteriorating global demand.

    Adding to policymakers’ worries, data on Monday also showed China posted its biggest trade surplus with the United States on record in 2018, which could prompt President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute.

    Softening demand in China is already being felt around the world, with slowing sales of goods ranging from iPhones to automobiles prompting profit warnings from the likes of Apple and Jaguar Land Rover.
    The dismal December trade readings suggest China’s economy may have lost more momentum late in the year than earlier thought, despite a slew of growth boosting measures in recent months ranging from higher infrastructure spending to tax cuts.

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  3. #2
    The purchases made to get ahead of the tariffs inflate the numbers for last year, this year will not be so good for China.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  4. #3
    The export figures are a focus and they are poor indeed. But save some space in the barf bag for the import results, they are terrible - huge miss on these.

    Demand in China has been showing evidence of slowing. This is a nail in the coffin.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

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