2016 China Imports/Exports Tank at Crisis-Like Rates
Global Financial Crisis-Like China Trade Data
Abysmal Import and Export Data out of China in 2016
Year-over-Year Chinese exports sank by 11.2% and imports tanked by 18.8%, in January, posting far, far worse declines than expected by most, who according to Reuters, were generally looking for a 0.8% fall in imports and a 1.9% decline in exports.
And now, most recently in February, Year-over-Year Chinese exports show a further 25.4% slide from the same month last year, while February's imports slid 13.8%. These figures were also far worse than the declines forecast by most analysts. According to Reuters, the February YoY drop in Chinese exports was the worst YoY showing since May, 2009, during the depths of the 08-09 Global Financial Crisis.
... Air is most definitely coming out of China's tires
Abysmal Import and Export Data out of China in 2016
Year-over-Year Chinese exports sank by 11.2% and imports tanked by 18.8%, in January, posting far, far worse declines than expected by most, who according to Reuters, were generally looking for a 0.8% fall in imports and a 1.9% decline in exports.
And now, most recently in February, Year-over-Year Chinese exports show a further 25.4% slide from the same month last year, while February's imports slid 13.8%. These figures were also far worse than the declines forecast by most analysts. According to Reuters, the February YoY drop in Chinese exports was the worst YoY showing since May, 2009, during the depths of the 08-09 Global Financial Crisis.
... Air is most definitely coming out of China's tires