Chinese Economics Thread

[gelgoog]

China’s exports to Russia rose almost 27% from the same time last year, customs data showed, the fastest pace in 11 months. Exports to the U.S. increased by 8% year-on-year, while shipment to the European Union climbed nearly 13%.

Yet we are supposed to believe that the US's sanctions on Chinese banks are crippling trade with Russia.

 

[Jiang ZeminFanboy]

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Anyone has full article access?

 

[Overbom]

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Anyone has full article access?

a few weeks old article

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[SinoSoldier]

With Trump tariffs on their way, things are going to be tough for Chinese exports. The RMB lost a lot of value against the USD after the election results were announced.

 

[sunnymaxi]

With Trump tariffs on their way, things are going to be tough for Chinese exports. The RMB lost a lot of value against the USD after the election results were announced.

hardly any difference in exchange rates. please check before comment

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Stock market in-fact rising after election results announced.

https://twitter.com/i/web/status/1854421526382325796

and we all know that, what was the result of first trade war.. we are actually waiting for Tariffs 2.0

 

[iewgnem]

With Trump tariffs on their way, things are going to be tough for Chinese exports. The RMB lost a lot of value against the USD after the election results were announced.

Look at China's export chart going back 10 years, Trump was the best thing that ever happened to Chinese exports, its all front loading tariffs and then continue to load after tariff because theres no alternative, lol

The country that runs more than a trillion in trade surplus and controls 35% of planetary industry by value decide what the value of USD is, not vise versa.

Then theres the question of does Trump want to fight the most powerful force in the universe, compound interest, or does he wants lower interest rates at the expense of the dollar. Considering he openly talked about devaluing the dollar for manufacturing, I think people can guess

 

[manqiangrexue]

With Trump tariffs on their way, things are going to be tough for Chinese exports.

Zero sum game. As long as they take more inflation damage, we're fine with decreasing exports to the US, especially when we're well well on our game with diversification to the global market.

The RMB lost a lot of value against the USD after the election results were announced.

I'm seeing 7.1->7.18 yesterday->7.14 today. So... meh

 

[lcloo]

With Trump tariffs on their way, things are going to be tough for Chinese exports. The RMB lost a lot of value against the USD after the election results were announced.

One day before election 1 CNY = 0.141 USD
Today 1 CNY = 0.140 USD

Difference of 0.001 USD

 

[tphuang]

https://twitter.com/i/web/status/1854638894962425944

Reminder that a key to China's growth is its ability to generate large quantity of low cost energy.

 

[supercat]

China unveils $1.4 trillion local debt package but no direct stimulus​

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