China’s Bleak Trade Data Should Worry You



Comments (3)

  1. T. says:

    RIGHT ON! THIS IS THE STRAIGHT TRUTH, NOT THE Obama B.S. WE GET FROM THE MEDIA!

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    Steveafrikaner Reply:

    An excellent article. The one part of the Chinese puzzle not touched upon is the vast peasant population in rural areas. The bulk of development has taken place along the coast, and the money sent home by those working there to the rural population, has eliminated some of the economic misery of the vast peasant population. Now that so many workers are losing their jobs, the pressure on the Chinese Communist Party will increase exponentially. The temperature of the pressure cooker has shot up, and will have to be dealt with. In addition, the Chinese have embarked on a unprecedented expansion of the military, and man made “islands” are popping up all over the China Sea.

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  2. Bill Jack says:

    While China’a FX reserves are dropping (and are still the world’s largest), the Chinese government officially has less gold than one would expect. China is the world’s largest gold producer and requires that all mined, domestically-produced gold is sold to the Chinese government. Also, China is a major player in the gold markets and appears to be rapidly building its unofficial gold supply. There is much speculation that China plans to have a gold backed Yuan, which will replace the USD (U.S. Dollar) as the international reserve currency.

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