Spin this: China buying of imports DROPPED even with commodities UP

[c1ue]

Found originally via Patrick.net

http://www.nytimes.com/2008/09/11/bu...zDlBrm582c8/Sg

China’s trade surplus set a record of $28.7 billion in August, the government announced on Wednesday, mainly because of an unexpected slowdown in the growth of imports. Slower growth of imports is a common sign of a weakening economy.

Interesting - even with massive oil price spikes - China trade surplus grew in dollar terms.

According to this article - due to lower imports.

The rest of the article talks about the real estate market going down.

This might be just the yuan strengthening though - must find original data.

[GRG55]

Re: Spin this: China buying of imports DROPPED even with commodities UP

Found originally via Patrick.net

http://www.nytimes.com/2008/09/11/bu...zDlBrm582c8/Sg



Interesting - even with massive oil price spikes - China trade surplus grew in dollar terms.

According to this article - due to lower imports.

The rest of the article talks about the real estate market going down.

This might be just the yuan strengthening though - must find original data.

Slowing imports in August may also be a function of the stockpiling in advance of the Olympics, which spiked pre-August numbers...