https://sg.finance.yahoo.com/news/wrapup-1-chinas-exports-shrink-040900878.html
China's imports are declining at a rapid pace which doesn't bode well for Asia because China and US will dump goods in Asia at cheaper prices to clear the stocks. Therefore, Asia can expect some deflation soon. The weak import figure in China is also showing weak consumer spending which will impact Asia countries that are exporting to China. Thus, Asia economies will be impacted by this.
China's export figure shows that the US has a problem weaning off China goods which supports the huge US trade deficit because US citizens don't have enough savings or strong purchasing powers to get more expensive alternatives.
In conclusion, Asia won't have fantastic economic growth in 2019.
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2 comments:
Deflation good for civil servants & cash rich.
Time to prepare watchlist for good properties to buy. :)
Why is China's economic growth so important?
http://sg-stock.blogspot.com/2017/03/china-has-cut-gdp-growth-for-2017-how.html
This is because China constitutes close to 40% of world GDP. If China slows down rapidly, it will bring down the world too.
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