Chinese exports in surprise drop, but imports jump

[Lightningbolt]

Import growth adds to our consumption. This shows while exports are struggling our domestic economy is strong as consumption is rising. Very good news.

 

[Obambam]

It is time for India to take over as the world's number one exporter. Be gone with the evil cheap Chinese copycat fake products!

 

[3Idiots]

It is time for India to take over as the world's number one exporter. Be gone with the evil cheap Chinese copycat fake products!

Wow.. now even the greatly Obambam now steps down to the level of 50 cent army... amazing.

 

[Obambam]

Wow.. now even the greatly Obambam now steps down to the level of 50 cent army... amazing.

Wow.. a 10 rupee Indian calling a Chinese 50 cent. If only everyone in India is as rich as you are, then India wouldn't still be where it is at today.

 

[Lightningbolt]

Wow.. a 10 rupee Indian calling a Chinese 50 cent. If only everyone in India is as rich as you are, then India wouldn't still be where it is at today.

50 cents in Renminbi can feed 95% of the Indian population for a week.

 

[Truth Finder]

So, China's trade surplus has dropped from almost $100 billion per month to $15 billion. I think it's not at all a good sign. Bad for manufacturing and leading towards trade deficit.

 

[3Idiots]

50 cents in Renminbi can feed 95% of the Indian population for a week.

Not exactly, but you aren't too far off either. If one were to consume 3.5 kg of rice in a week (500 gms per day), about 10.50 rupees would buy it in India under the food security law, to about 66% of the population.

Can 1 yuan feed anyone in PRC for a week ? Perhaps, it will buy you coal, but not rice.

Best of luck surviving on coal, till it lasts.

 

[Reashot Xigwin]

Not exactly, but you aren't too far off either. If one were to consume 3.5 kg of rice in a week (500 gms per day), about 10.50 rupees would buy it in India under the food security law, to about 66% of the population.

Can 1 yuan feed anyone in PRC for a week ? Perhaps, it will buy you coal, but not rice.

Best of luck surviving on coal, till it lasts.

You can buy this much for 5 bucks though.
Five Dollars Of Food In China - YouTube

 

[walle]

So, China's trade surplus has dropped from almost $100 billion per month to $15 billion. I think it's not at all a good sign. Bad for manufacturing and leading towards trade deficit.

Don't pull figures out of your arse, the preceding months China had trade surpluses of (USD Billions) 27 in june, 17.8 in July, 28.5 in August and 15.2 in september.

Back in march, China even had a deficit.