http://www.rttnews.com/2577614/china-s-exports-fall-for-fourth-month-imports-decline-more-than-forecast.aspx
The world economy is struggling at the moment and China is a big reason why. China's exports fell for the fourth consecutive month in October at the same time that imports declined due to weak domestic demand. On a year-by-year comparison, exports decreased by 6.9% in October, which is even greater than the 3.7% decrease in September. It is interesting that China's forecasts have been too high, yet their economic growth "eased" to 6.9% in the third quarter of this year. It just shows the size of their economy compared to that of the United States.
3 comments:
I think there are a lot of problems happening this year in China, so it may be good to slow down a little and deal with those issues so the economy can maintain stable.
I completely agree with Ying. China has been experiencing a lot of economic downturn in the past few months which suggest that the economy should slow down on their growth and expansion in order to give time to solve these economic issues and allow for regulations to occur.
I think that Jimmy makes an exceptional comment in his blog that these numbers truly do show the immense size of the Chinese economy - but it does also make me raise an eyebrow. According to the numbers, it seems as though even though domestic demand is slowing down, the economy as a whole is still moving forward at an immense 6.9% during the third quarter of this year. To me, this number seems bizarre and makes me question the validity of the data presented. Due to the economic and political history of China, is the Chinese government truly moving forward or is the communist party publishing these numbers to show the strength of the Chinese economy in the global marketplace?I will be interested to see the overall economic growth for the fourth quarter for China as well as the impact the export market has on this growth.
Post a Comment