China imports collapse

Monday, 9 February 2015

China’s trade balance for January was out yesterday and there’s is no other word for it than shocking. Exports fell 3.3% but imports collapsed 19.9%:

As a result, the trade balance smashed all records at $60 billion:

And China’s is going to devalue? I think not!

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.