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China swung to a shock trade deficit of $884M in March from a surplus of $15.25B in February and...

China swung to a shock trade deficit of $884M in March from a surplus of $15.25B in February and badly missed forecasts for a surplus of $14.7B. Imports +14% vs consensus of +6.1%; March exports +10% vs +21.8% in February and vs expectations of +12%. Q1 trade surplus $43.07B vs $660M a year earlier. JPMorgan economist Haibin Zhu says the rise in imports could help reduce worries over the strength of domestic demand.
Comments (6)
  • Chinese trade statistics are about as credible and genuine as US unemployment statistics.
    Both are overt political propaganda.
    10 Apr 2013, 05:17 AM Reply Like
  • Isn't it amazing that china related stocks trade down on bad numbers that are considered real, but good numbers are propaganda.

     

    Food for thought
    10 Apr 2013, 08:54 AM Reply Like
  • What are your views about goat entrails??
    10 Apr 2013, 04:41 PM Reply Like
  • Fear&Greedtrader is absolutely right. The fact is that 90% of the data seems very positive too (and not just the market-interested HSBC PMI). The data is all in agreement that China is consuming/building/ hoarding more, still gaining export market share, and yet their equities don't get bought and commodities don't budge against fiat currencies. Pretty amazing if you ask me.
    10 Apr 2013, 05:02 PM Reply Like
  • Why is it amazing?

     

    Chinese companies have created this dubious image themselves through a history of lying, deceit, and obfuscation.

     

    Ask any Chinese. They'll tell you nearly all companies keep 2 sets of books. One for internal use available to the princelings, and one to show the investors.

     

    Old school confucian values and any sense of morality have long been systematically destroyed by Mao's cultural revolution.
    10 Apr 2013, 06:43 PM Reply Like
  • " nearly all companies keep 2 sets of books. "

     

    talking about the USA, one for the media and one for the tax man (IRS)
    10 Apr 2013, 07:31 PM Reply Like
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