Economic data and the recession

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.

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