Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Don't count on China to pull the world out of the slump

"Don't count on China,

Don't count on me,

Count on that man

behind that tree!"

 -  Senator Huey P. Long
 

 

CHINA EXPORTS TO DROP 40%  (IS IT GLOBAL DEFLATION?)

 10-31-2009   BEIJING/SHANGHAI (Reuters) - China's exports face a "hard and tortuous" path to recovery as uncertainties dog the global economy's gradual return to health, with this year's trade surplus set to shrink from last year's record, the Commerce Ministry said. Commerce Minister Chen Deming told a conference on Saturday that China's trade surplus was expected to fall to $180 billion to $190 billion this year from last year's record $295.5 billion.