Chinas exports plunged in May, in sign economic recovery is faltering

[F-22Raptor]

https://twitter.com/x/status/1666310994518220801

 

[MH.Yang]

Very normal.

In May 2022, China's exports increased by 16.9%. This number was originally intended to compensate for the suppressed demand during the pandemic, and was only returning to normal in May 2023.


Secondly, in fact, China's exports of only three types of goods have declined. Rare earths fell 8.2%, textiles fell 2.4%, and aluminum products fell 25.3%. Rare earth is because the Chinese government is controlling rare earth exports and preparing to impose environmental taxes on rare earth exports. Textile is because China is continuously transferring its textile industry to countries such as Vietnam. The real question is about aluminum products.

 

[beijingwalker]

China's May import data suggests things are stabilizing instead of regressing further: Goldman Sachs​

 

[legacytiger18]

China's May import data suggests things are stabilizing instead of regressing further: Goldman Sachs​

even at 4.5% , china export numbers are pretty huge , for very large economies , these single digit drops do not matter

 

[StraightEdge]

Technically China's trade surplus on a 1 year rolling basis is more than US defence budget.

 

[CIA Mole]

Technically China's trade surplus on a 1 year rolling basis is more than US defence budget.

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doesn't really matter when only xi's terrorist cabal have access to the forex

 

[kankan326]

There are two reasons for export drop: 1, Oversea market share is grabbed by other competitors. 2, Overall oversea demand decreases.

It is reason2 for China.