Nope..
that's because Russia-China trade volume is now too big. so they made a separate chart like this.
Chinese Economics Thread
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that's because Russia-China trade volume is now too big. so they made a separate chart like this.
That is another reason for the economic decline of Europe. Russia was the ideal trade partner. Providing cheap commodities and buying all their manufactured products. All that trade flow will be redirected to China, and possibly Turkey and the Central Asian republics.
Right now Russia is still trying to keep inflation down while new trade routes and partners are established through gray market sales. Things are still being imported from Europe via roundabout ways. But I expect this long term to be replaced with Russia putting tariffs on most European and US origin imports.
Right now Russia is still trying to keep inflation down while new trade routes and partners are established through gray market sales. Things are still being imported from Europe via roundabout ways. But I expect this long term to be replaced with Russia putting tariffs on most European and US origin imports.
Why do you assume it's exporting only advanced manufacturing? China exports lots of things.
i never said, all exports were only manufacturing goods. but large chunk of these exports are manufacturing goods and raw material..
Ah I see, fair enough.
This seems an eminently more reasonable assessment of the recent USD bond issuance in Saudi than any of the many "it's a 7D chess move" takes I've seen:
Exclusive: China advisers call for steady 5% 2025 economic growth goal, stronger stimulus
If they keep the growth target at 5%, they probably expect Trump to have zero impact on Chinese economic growth. They are taking some necessary measures such as the "", which completely lifted restrictions on access to foreign investment in the manufacturing sector, demonstrating China's firm determination to expand high-level opening-up to the outside world.
Chinese economy progressing well in pursuit of 2024 targets
Just looked, but this news doesn't seem to have been posted here:
This is actually quite significant, and can result in inflationary pressure on western economies.
Chinese commentary on it (it's a new turning point, where these export tax rebates once was to help export companies, but now, no longer really needed. And it will cause inflationary pressure on western countries):
This is actually quite significant, and can result in inflationary pressure on western economies.
Chinese commentary on it (it's a new turning point, where these export tax rebates once was to help export companies, but now, no longer really needed. And it will cause inflationary pressure on western countries):