China posts a surprise trade deficit as exports slow

[ao333]

With the deflating housing bubble, this is the result. Better than a pop and recession, I guess.

 

[Akasa]

This is the first step towards a mainly innovation-oriented economy.

 

[CardSharp]

This is the first step towards a mainly innovation-oriented economy.

What is that suppose to mean? America still dominants the research orientated market. The best case scenario, China catches up in 15-20 years.

 

[below_freezing]

What is that suppose to mean? America still dominants the research orientated market. The best case scenario, China catches up in 15-20 years.

Import substitutes mostly.

We also need to spend that useless electronic USD. I really wouldn't be so angry if they could pay us in physical paper, China lacks paper pulp the most and at the rate of the fall of the USD, we can extract more money from turning the USD into toilet paper than the amount of toilet paper you can buy with that USD.

 

[CardSharp]

Import substitutes mostly.

We also need to spend that useless electronic USD. I really wouldn't be so angry if they could pay us in physical paper, China lacks paper pulp the most and at the rate of the fall of the USD, we can extract more money from turning the USD into toilet paper than the amount of toilet paper you can buy with that USD.

The USD is still worth money. Let's not exaggerate. Oil is still traded in USD.

 

[cross1993]

Because Chinese New Year, Chinese people do not work.
Stupid article.

 

[below_freezing]

The USD is still worth money. Let's not exaggerate. Oil is still traded in USD.

I'm also serious, China needs alot of paper, and it is one of our main imports: raw wood shipped from ancient, pristine forests turned into paper for packaging, books and McDonalds bags for 1.3 billion people. Why do you think environmentalist groups hate us? you didn't think they actually cared about people in China did you?

 

[Brotherhood]

China reports $7.3 bln trade deficit in February - People's Daily Online March 10, 2011

China recorded a trade deficit of 7.3 billion U.S. dollars in February, the General Administration of Customs(GAC) said Thursday.

This is China's first monthly trade deficit since March 2010. In the first two months this year, China posted a trade deficit of 890 million U.S. dollars, as January's trade surplus shrank year on year by more than half to 6.45 billion U.S.dollars.

The GAC attributed the deficit to the week-long Spring Festival break in early February, saying the holiday had hindered export growth.

China's foreign trade rose by 10.6 percent year on year to 200.78 billion U.S. dollars last month, said the customs.

Exports grew by 2.4 percent year on year to 96.74 billion U.S. dollars in February while imports increased by 19.4 percent to 104.04 billion U.S. dollars.

For the first two months of the year, China's foreign trade totaled 495.83 billion U.S.dollars, representing a 28.3 percent growth from the same period last year.

The European Union remained China's largest trade partner in the period, with EU-China trade up 16.3 percent year on year to 76.2 billion U.S. dollars.

Meanwhile, trade with the United States rose 22.6 percent year on year to 60.5 billion U.S. dollars while China-Japan trade jumped 28.8 percent year on year to 48.85 billion U.S. dollars.

Chinese Commerce Minister Chen Deming said earlier this week during the ongoing annual parliamentary session, that it was possible that China would register trade deficits in some months, as the growth of imports would likely soon outpace that of exports.

Source: Xinhua

 

[cross1993]

China reports $7.3 bln trade deficit in February - People's Daily Online March 10, 2011

China recorded a trade deficit of 7.3 billion U.S. dollars in February, the General Administration of Customs(GAC) said Thursday.

This is China's first monthly trade deficit since March 2010. In the first two months this year, China posted a trade deficit of 890 million U.S. dollars, as January's trade surplus shrank year on year by more than half to 6.45 billion U.S.dollars.

The GAC attributed the deficit to the week-long Spring Festival break in early February, saying the holiday had hindered export growth.

China's foreign trade rose by 10.6 percent year on year to 200.78 billion U.S. dollars last month, said the customs.

Exports grew by 2.4 percent year on year to 96.74 billion U.S. dollars in February while imports increased by 19.4 percent to 104.04 billion U.S. dollars.

For the first two months of the year, China's foreign trade totaled 495.83 billion U.S.dollars, representing a 28.3 percent growth from the same period last year.

The European Union remained China's largest trade partner in the period, with EU-China trade up 16.3 percent year on year to 76.2 billion U.S. dollars.

Meanwhile, trade with the United States rose 22.6 percent year on year to 60.5 billion U.S. dollars while China-Japan trade jumped 28.8 percent year on year to 48.85 billion U.S. dollars.

Chinese Commerce Minister Chen Deming said earlier this week during the ongoing annual parliamentary session, that it was possible that China would register trade deficits in some months, as the growth of imports would likely soon outpace that of exports.

Source: Xinhua

2010 Chinese New Year, China also has trade deficits.
That kind of thing to happen every year.

 

[JayAtl]

I did not bother reading the comments ---

one would be ignorant if they thought this was any indicator- they will come back swinging like bats in a couple of months. The real question is_ are they booming too fast ....

Personally- No Oil price hike can do to their economy that they do to themselves by being overtly aggressive with their neighbors. whoever runs their foreign policy should be fired... who the hell comes up with such drastic diplomacy of saying " If you go to a Nobel ceremony- I will impose sanctions on you"? there is no grey, its just black and white it seems.

No soup for you!

 

[Akasa]

What is that suppose to mean? America still dominants the research orientated market. The best case scenario, China catches up in 15-20 years.

And catching up in 20 years requires a start. This is the start.

 

[lcloo]

I personally prefer it this way, China has to cool down to prevent run away inflation, let the economy pause for a breather, and rebalance the un-even growth rate of different sectors (Housing, salaries, food prices, medical care, Northen China, Western China, Central China, Coastal China).

Let there be steady growth rather than run-away growth follow by high inflation and un-even growth and income in different parts of China.

 

[peaceful]

I did not bother reading the comments ---

one would be ignorant if they thought this was any indicator- they will come back swinging like bats in a couple of months. The real question is_ are they booming too fast ....

Personally- No Oil price hike can do to their economy that they do to themselves by being overtly aggressive with their neighbors. whoever runs their foreign policy should be fired... who the hell comes up with such drastic diplomacy of saying " If you go to a Nobel ceremony- I will impose sanctions on you"? there is no grey, its just black and white it seems.

No soup for you!

the most funny thing you can expect here is to hear an indian telling me foreign policies.