Chinas exports plunge 12.4% in June a new blow for slowing economy

[beijingwalker]

Why are you so surprised amid the global economic downturn, you think China is on another planet?

Stores are SHUTTING DOWN (Vacant Retail in Los Angeles)​

US import, export prices fall in June, exports decrease 12% in June, largest annual decline since September 1984

US import, export prices fall in June, higher than expectations

Prices for US exports decrease 12% in June, largest annual decline since September 1984 - Anadolu Ajansı

www.aa.com.tr

 

[CallSignMaverick]

India's record low base.

Imagine lying so badly that $40 billion+ is "Record low base"

Indian Exports Contract 22% To 3-Yr Low Of $33bn In June

It contracted 22% YoY not MoM

 

[beijingwalker]

Imagine lying so badly that $40 billion+ is "Record low base"

I m talking about India's trade deficit

Data: India's Trade Deficit reached a record high in 2021-22​

It contracted 22% YoY not MoM

You think China's number is MoM?

 

[Bilal9]

LOL, what a clown.

Chinese Imports Critical for Boosting India’s Manufacturing, Finds New Study, Chinese imports are preferred in India for better quality, not price

Chinese Imports Critical for Boosting India’s Manufacturing, Finds New Study

The Indian Institute of Foreign Trade, which conducted the study, found that pharmaceuticals is one of the sectors where the dependence on Chinese imports is so high that the industry can’t function without these products.

m.thewire.in

India cannot survive without (what they claim as) "Cheap Chinese" products. Their largest cellphone brands are all Chinese. Ditto with a whole bunch of other Chinese imports. No one - even Indians themselves, can supply the value and price combination.

If they could bring in their own phone brands to compete with Chinese products, they would.

Not capable of that - they just bad mouth China and complain.

 

[beijingwalker]

India cannot survive without (what they claim) as "Cheap Chinese" products. Their largest cellphone brands are all Chinese.

If they could bring in their own phone brands to compete with Chinese products, they would.

Not capable of that - they just bad mouth China and complain.

If India stops its massive imports from China, China's overall exports won't be affected much but Indian economy will crash.

 

[Bilal9]

If India stops its massive imports from China, China's overall exports won't be affected much but Indian economy will crash.

Well said. Agreed 100%.