Activity in foreign and domestic market in China is on the decline
All of the analytical Agency shout loudly that in China, the slowdown in China on the market loss! Actually it is not what you write, everything is much more interesting than you can even imagine. Although last month and there has been some decline in production and trade, but this is not essential, so that about it so actively writing! Yes, the economy
is experiencing some pressure, but it has enough leverage compensation, as all say so to keep within the law. The Chinese economy
is an export economy
, a weak currency is a big plus for exporters. Although China and weakened its currency, last month, exports still declined by 5.5% when compared with August 2014. The forecast is about the same and was negative components in the economy
did not appear immediately, they gradually formed. Imports also fell, he was due mainly to the weakening of the yuan, a decline in the direction of import has reached 13%, the decline has continued for the 10th month. China stops in the same volumes to import iron ore and petroleum products. So far, the Chinese economy
is indeed in a bad position, but it is pretty stable. The surplus in the trade balance reached 60 billion.
So as to resist artificial crisis, which comes from USA, China weakens its currency. Although the lower level is a lengthy consolidation that does not impact the economy
as a whole. In any case,what we have here is not the problems with China is economy
, it is the problems with US economy
, this is what is called care from dollar dependence. China and Russia and some other country has reduced the turnover of trade in dollars, which in turn greatly undermined the stability of the U.S. currency and demanded the exporting of inflation, we actually saw an example of what happens in China.
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