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Chinese exports surprise on the upside in September, increasing 9.9% Y/Y to a record $186.4B vs....

  • Sunday, October 14, 2012, 5:58 AM ET
    Chinese exports surprise on the upside in September, increasing 9.9% Y/Y to a record $186.4B vs. consensus of +5% and +2.7% in August. Imports +2.4% vs. -2.6% in August and forecasts of +2%. Trade surplus +3.6% M/M to $27.67B vs. expectations of $22.4B. However, Citigroup economist Ding Shuang cautions that weak economic conditions in the U.S. and EU raise uncertainties for Chinese trade.
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This news story has 8 comments:

  •  
    It's incredible what those Chicago guys will do.
    14 Oct 2012, 08:56 AM Reply Like
  •  
    Again, this really isn't surprising with the yuan showing weakness in the leading months.

    Written in July: http://seekingalpha.co...

    Wall street really must be littered with underqualified econometricians.
    14 Oct 2012, 09:57 AM Reply Like
  •  
    Do you really believe these numbers?
    14 Oct 2012, 11:38 AM Reply Like
  •  
    i believe each red bean counter in his govenment office, does better when the little report he is paid to produce, shines favorably on his superior. and when all those reports are added together, the number better be rosey as maos round cheeks. or heads will roll.
    15 Oct 2012, 12:14 AM Reply Like
  •  
    This is not that surprising. The numbers from the last few months were weak and indicated weak holiday orders from retailers.

    However, this data is out of China and not the HSBC survey. The next step will be to verify this through the container data at the ports of Long Beach and Los Angeles.

    For the last couple of months empty containers leaving to be filled in Asia have been dropping slightly.
    14 Oct 2012, 02:34 PM Reply Like
  •  
    Just out at Xinhua and supporting above, big acceleration in Chinese money printing, no matter how much they have tried to downplay it:

    http://bit.ly/OzQOyV
    14 Oct 2012, 04:59 PM Reply Like
  •  
    according to a well-known Qinghua economist in 2009, the Cn Govt prints 130% of GDP currency, while the USA 30% GDP is currency.

    It is obvious the Govt doesn't issue nearly that much or inflation, it seems to be trying to redistribute it through "off-shore" (CNH) exchanges, first HK next maybe Sg.
    14 Oct 2012, 05:28 PM Reply Like
  •  
    A surprise on the upside AND a record month??? I'm speechless.
    14 Oct 2012, 08:27 PM Reply Like
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