Further to my previous blog entry, see here some charts, from the SCMP, IHT (Floyd Norris) and China Daily. Click the images to enlarge!
One can learn a lot from those. I still believe that down the road China should be one of the first to get out of this mess but not without some suffering.
China’s trade figures reflect a downturn in exports but also of imports: as components needed for exports are less in demand and prices for crude oil & raw materials have tumbled.
Remarkable is the jump of China’s world ranking in GDP – but it also always raises doubt on the credibility of its figures…
The downward trend in world exports is anyway still the most ominous – just look for the ripple effect to come.
See also the Japanese consumer confidence sinking.