The manipulated equity markets in China have rebounded (which is what happens when you restrict selling), but the problems continue. China's exports and imports have been declining for months, which is further evidence of recession and directly contradicts the "official" GDP fantasy reports of 6.9% annual growth.
Export / Import Data
Here is the latest export / import synopsis from a recent Bloomberg News article:
"China’s exports declined for a fourth straight month in October, adding to signs of mounting headwinds facing the world’s second-largest economy. Overseas shipments dropped 3.6 percent in October in yuan terms, the customs administration said Sunday, compared with a 1.1 percent decline in September.
Imports fell for a 12th straight month, declining 16 percent in yuan terms, after a 17.7 percent decrease the prior month.
Imports from all 10 of the major trade partners listed by the customs administration declined in the first ten months. Australia’s imports plunged 25.7 percent."
China has the second largest economy in the world. Unfortunately, their GDP figures are manipulated, as are their equity markets. As a result, we need to look further when evaluating their economy and the potential impact on global markets. China's exports have declined for four consecutive months and imports have dropped for the 12th consecutive month. China's economy is shrinking, not expanding.
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