[Manthink]

NYT (12 July)

For the Chinese government, the ever-widening trade surplus is good news. Consumers in distant markets are buying many of the goods that Chinese households no longer want or cannot afford. Exports help keep factories open in China, and provide the money for even more factories under construction as part of a national strategy to expand industrial output.

China’s already formidable exports surged in June, China’s customs administration reported on Friday. But imports shrank, with Chinese companies and households becoming more cautious about spending money. The result was a record monthly trade surplus of just over $99 billion.




https://www.nytimes.com/2024/07/12/busin...ecord.html

[WhatDoYouThink!]

Third world bankrupt poor ahtiongs no choice but to continue working very hard, cannot afford to stay home play games and wait for mama to cook

[Manthink]

Third world bankrupt poor ahtiongs no choice but to continue working very hard, cannot afford to stay home play games and wait for mama to cook

China is not longer a "cheap" place for factories making low-value products...So what does it do ? Move up the value chain making EVs, Lithium batteries and solar panels.


Guess who are the ones that wanted these green-tech to meet the Carbon emission rule by 2030 ?  All the 3rd World Countries.

And guess who can make the most Value-for-$ EVs ?

[Sharexchange]

Moral collapse. Thats the key.

[lylcnn]

Article already said Imports shrank. Implies economy sibeh jialat

[sgbuffett]

China's imports fell by 2.3% in June from a year ago in U.S. dollar terms. That contrasts with a forecast of 2.8% growth, according to a Reuters poll.

Do you even understand what you posted???

If chjna internal demand collapses it's trade surplus will be highest because of the falling imports.

China imports remain weak as its internal demand is weak due to the collapsed housing sector. Because of the strong economy in the exports .markets like US 
, chjna exports more to have a bigger trade surplus


The large export could be also due to importers j. Those countries importing more ahead of tariffs being imposed.

[aiptasia]

Do you even understand what you posted???

If chjna internal demand collapses it's trade surplus will be highest because of the falling imports.

China imports remain weak as its internal demand is weak due to the collapsed housing sector. Because of the strong economy in the exports .markets like US 
, chjna exports more to have a bigger trade surplus


The large export could be also due to importers j. Those countries importing more ahead of tariffs being imposed.

Talking cock as always.

[Niubee]

Moral collapse. Thats the key.

U talk moral
Stop using so many clones

[lylcnn]

Luckily the world economy elsewhere is strong can pull china up's bit, else the china economy in worse shape

[Manthink]

Talking cock as always.

Problem with sgbuffett  is his beloved fixation for a "China Collapse" has failed him to see the obvious larger picture which tis the Message the NYT reporter is saying  in the Final paragraph of this NYT article:


The emphasis on industrial expansion to offset China’s housing crisis is evident in official data: Net new bank loans to industrial borrowers reached $614 billion in the 12 months through March. That was six times annual lending to those borrowers before the pandemic, and almost exactly replaced the loans that previously went to the real estate sector.

[WhatDoYouThink!]

Aiya dun worry lah. China has collapsed many times, they're still around and continue to give you worries. One day you collapse china is still around

[WhatDoYouThink!]

He wishes china collapses so that ink deer can catch up mah. Why always do such useless things

[Manthink]

Luckily the world economy elsewhere is strong can pull china up's bit, else the china economy in worse shape

LOL! Just an hour ago you only mention about "imports shrank" but for forget China's export surge. 

Now you claims China is "lucky" because of other economy is "stronger"

Which part of the article says that ?

[Manthink]

Aiya dun worry lah. China has collapsed many times, they're still around and continue to give you worries. One day you collapse china is still around

When US media like the NYT avoid using words like "collapse" when writing about China,  it shows the past few years of Western media saying China's real estate "crash" has not come true. Instead, they now take aim at China's export power calling it "over capacity" which is causing "alarm" to other countries...We know who are those countries

But China’s soaring trade surpluses have prompted alarm in many foreign capitals. Officials around the world worry that exports from China will displace their own industrial output,

[WhatDoYouThink!]

这些狼子野心，年纪也不小了还整天幻想中国collapse, 有什么屁用？

[aiptasia]

Problem with sgbuffett  is his beloved fixation for a "China Collapse" has failed him to see the obvious larger picture which tis the Message the NYT reporter is saying  in the Final paragraph of this NYT article:


The emphasis on industrial expansion to offset China’s housing crisis is evident in official data: Net new bank loans to industrial borrowers reached $614 billion in the 12 months through March. That was six times annual lending to those borrowers before the pandemic, and almost exactly replaced the loans that previously went to the real estate sector.

That CECA Sgbutt can fug right off!

He mati and China will still be around long after that 

[lylcnn]

LOL! Just an hour ago you only mention about "imports shrank" but for forget China's export surge. 

Now you claims China is "lucky" because of other economy is "stronger"

Which part of the article says that ?

Aiyoh..."other economies" refer to rest of world lah, USA, Jipun, etc....Their economies strong so able to buy and consume a lot of China goods. So China exports are high lah.
Internally China's economy is weak, confidence low and consumption also low, hence import growth not strong or even YoY drop....
Both above factors contribute to the record surplus lor....Which part do you find funny, or find contradictory?

[Manthink]

Aiyoh..."other economies" refer to rest of world lah, USA, Jipun, etc....Their economies strong so able to buy and consume a lot of China goods. So China exports are high lah.
Internally China's economy is weak, confidence low and consumption also low, hence import growth not strong or even YoY drop....
Both above factors contribute to the record surplus lor....Which part do you find funny, or find contradictory?

Izzit ? I last checked US Debt has topped US$ 30Trillion that got IMF worried &  the Yen fell to the lowest in nearly 40 years that forced Jipun Gov to support it....

"their economies strong" ?   hmmm

https://www.businesstimes.com.sg/interna...-yen-falls

https://www.washingtonpost.com/business/...ates-debt/

[Manthink]

Me thinks China's trade surplus is going accelerate even more not because of "cheap Chinese" exports...but because Beijing has prepared for a more challenging world trade thanks to the US-led Trade and Tech War against the Middle Kingdom. At the end of the Day, the China has responded well by not banning EU imports like they did to Huawei, nor increase tariffs or put sanctions in others, but to improve China's industrial efficiency and productivity and welcome more FDI..like Tesla and VW are doing.

Factories in China already make almost a third of the world’s manufactured goods. Xi Jinping, the country’s top leader, has set a national goal of fostering “new quality productive forces,” with an emphasis on building even more factories with lots of robots and other automation.

[webinarian]

Problem with sgbuffett  is his beloved fixation for a "China Collapse" has failed him to see the obvious larger picture which tis the Message the NYT reporter is saying  in the Final paragraph of this NYT article:


The emphasis on industrial expansion to offset China’s housing crisis is evident in official data: Net new bank loans to industrial borrowers reached $614 billion in the 12 months through March. That was six times annual lending to those borrowers before the pandemic, and almost exactly replaced the loans that previously went to the real estate sector.

       
The fvker SgButt knows nothing about economy with low level of education. 

.

[Alice Alicia]

No worry.

Sgbutt will collapse first before China rise further.

[Migrant]

To those anti china, their dictionary shows 
A collapse is when a country does well with record trade surplus.

[WhatDoYouThink!]

China has 200m graduates but needs someone who flunked his A level to tell them what to do? 想想都觉得好好笑

[WhatDoYouThink!]

The word collapse was popularized by ahbutt's sifu gordon ching Chong chiang

[lylcnn]

Izzit ? I last checked US Debt has topped US$ 30Trillion that got IMF worried &  the Yen fell to the lowest in nearly 40 years that forced Jipun Gov to support it....

"their economies strong" ?   hmmm

https://www.businesstimes.com.sg/interna...-yen-falls

https://www.washingtonpost.com/business/...ates-debt/

just look at respective countries' companies' record profits, rising salaries, and unemployment rates...

[Tee tiong huat]

Aiya dun worry lah. China has collapsed many times, they're still around and continue to give you worries. One day you collapse china is still around

Got a good laugh...

[Manthink]

just look at respective countries' companies' record profits, rising salaries, and unemployment rates...

Errr..you last mentioned US and Jipun claiming their economies are "strong" is  -So I share meta FACT of these 2 countries today....Where  are yours ?

Aiyoh..."other economies" refer to rest of world lah, USA, Jipun, etc....Their economies strong so able to buy and consume a lot of China goods. So China exports are high lah.
Internally China's economy is weak, confidence low and consumption also low, hence import growth not strong or even YoY drop....
Both above factors contribute to the record surplus lor....Which part do you find funny, or find contradictory?

[Tee tiong huat]

Got a good laugh...

How did China go from a poor society, devastated by World WarII & its own civil war by mid-20th century, to number two (2) economy today?. 

After decades of economic stagnation setbacks under Communist rule, China began to open itself to international trade & liberalize economy when it established diplomatic & trade relations with U.S. in 1979. As its subsequent export growth fueled  growth of manufacturing & urbanization, China rose to be a major global economic power over the next four decades. 

The year China’s export surged in June, customs admin reported Friday & imports shrank, with Chinese companies households becoming more cautious about spending money.

This result was a good news for China, a record monthly trade surplus of over $99 billion.

[Manthink]

How did China go from a poor society, devastated by World WarII & its own civil war by mid-20th century, to number two (2) economy today?. 
After decades of economic stagnation setbacks under Communist rule, China began to open itself to international trade & liberalize economy when it established diplomatic & trade relations with U.S. in 1979. As its subsequent export growth fueled  growth of manufacturing & urbanization, China rose to be a major global economic power over the next four decades. The year China’s export surged in June, customs admin reported Friday & imports shrank, with Chinese companies households becoming more cautious about spending money.

This result was a good news for China, a record monthly trade surplus of over $99 billion.

Over 300 years ago China already had similar huge trade surplus with the West because the Chinese exports like Silk, Porcelain and Tea...

Europeans went crazy over these Made-in-China products... regarding those as luxury items

Everyone was happy - China was making $, the Europeans are enjoying Chinese exports...

Then the Angmoh forget they cannot print $ since the trade was in Gold, silver etc...

When Angmoh realise $-No-Enough. they decided to attack China.

How to justify that ? By trying to sell things that China does not want...

That led to the Opium Wars.

FACT is - History has a cruel way of repeating itself - the Chinese are well-aware that Angmoh are nothing more than just another Barbarians who can't wait to plunder and attack when you are weak....

[WhatDoYouThink!]

Why pdf worry about china's collapse? Will they becum poorer?