BREAKING:Chinese Exports Collapse In February Despite Largest Credit Injection Ever

[xyxmt]

Volvo will expand in the US and makes millions of cars a year. Polestar is superb.

Volvo is now a Chinese company LOL

 

[Yongpeng Sun-Tastaufen]

Volvo is now a Chinese company LOL

It's multinational corporation.

 

[Nein]

Volvo is now a Chinese company LOL

Its Swedish not Chinese but Chinese Owned. You dont call Jaguar, Indian because its owned by Tata its British. Same with Lamborghini it is Italian but German owned.

Ownership of a company does not change its country.

 

[Yongpeng Sun-Tastaufen]

Its Swedish not Chinese but Chinese Owned. You dont call Jaguar, Indian because its owned by Tata its British. Same with Lamborghini it is Italian but German owned.

Ownership of a company does not change its country.

Yeah. And who the hell knows what owns Geely?

 

[Nein]

Yeah. And who the hell knows what owns Geely?

Geely owns Lotus. Then again Lotus is British not Chinese but Chinese owned.

Nothing bad there but ownership changes hands remember how Jaguar and Aston Martin were owned by Ford this did not make them American.

Also Pininfarina is owned by Indians still does not make it Indian as the brand is Italian and still builds cars in Italy.

Then again im happy Volvo is under Chinese ownership because under the Americans the car brand would have been driven to the ground just like what GM did to Saab.

Americans have a habit of driving non American brand cars to destruction. Ford nearly destroyed both Jaguar and Aston Martin.

 

[Yongpeng Sun-Tastaufen]

Then again im happy Volvo is under Chinese ownership because under the Americans the car brand would have been driven to the ground just like what GM did to Saab.

Ditto with Opel and Vauxhall. Now owned by PSA.

Ford nearly destroyed both Jaguar and Aston Martin.

And Land Rover and Mazda.

 

[beijingwalker]

All busniess were shut down last month to celebrate the Chinese new year, I m surprised that there was still trade at all.

 

[TaiShang]

All busniess were shut down last month to celebrate the Chinese new year, I m surprised that there was still trade at all.

Will spike again in March.

***

Excluding the Spring Festival holiday factor, China's exports and imports increased by 1.5 percent and 6.5 percent, respectively.

During the first two months, China's foreign trade amounted to 622.72 billion U.S. dollars, down 3.9 percent year on year. Exports were 4.6 percent down to 353.21 billion U.S. dollars, while imports retreated 3.1 percent to 309.51 billion U.S. dollars. The trade surplus stood at 43.7 billion U.S. dollars, down 13.6 percent from one year earlier.

During the Jan.-Feb. period, China's trade with the European Union, ASEAN countries and Japan increased 8.9 percent, 1.9 percent and 4 percent, respectively, while trade with countries along the Belt and Road registered faster-than-average growth, with the combined trade volume standing at 1.28 trillion yuan (about 191 billion U.S. dollars), up 2.4 percent year on year.

Exports to the United States fell 9.9 percent, while imports tumbled 32.2 percent during the two-month period, the data showed.

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