China reduces exports, but at the same time increases imports!
In China, they quickly took up their heads and decided to pull Munchausen out of the swamp by the head at all costs. It is impossible to call all the latest economic decisions in China any other way. China clearly does not understand that the Chinese economy
, the US economy
, and the European economy
are all on the same side of the coin. You can`t grow up in a single country without a connection to the rest of the world. Globalism in action clearly shows the impossibility of these economic processes.
In China, as a result of sanctions and economic wars between Asia and the US, things are not so rosy. The service sector in China has already sunk by a significant amount in 2020. For the outside world, China reports positive trends. So recently published a report on the structure of the market for services and consumption, the situation in this area seems to have stabilized and some calls for improvement are outlined. The passive balance began to decrease slowly. The data was uploaded to the network by the Ministry of Commerce of the people`s Republic of China.
For the period from January to February 2020, the Chinese service sector earned 104.6 billion dollars, which is a lot of money, but if you take the annual figure, they are still less than expected by 11.6%.
The export part fell by 6% only because consumers in Europe, Russia and the United States began to understand that it is not worth buying expensive Chinese imports, it is better to buy your own, but perhaps more expensive. Such thinking leads to stimulating local economies and reducing exports from China.
As for imports, and China mainly imports resources, the decline in this direction reached 14.6%. With this figure, everything is also clear, the economy
is in precession , the country needs less oil and gas.
The calculation of the positive balance for the first quarter of 2020 amounted to an impressive amount, but it is 24.6% less than it was in 2019.
Everything in China has sunk, but only what works for the army and defense and has stable orders shows the planned growth.
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