Post by Ozarks Tom on Oct 25, 2015 22:37:57 GMT
I'm just full of upbeat news lately, aren't I?
Nobody knows what's really going on in China, too many contradictory statements vs actions. They're predicting 6.9% growth, but the numbers don't add up. They've been the linchpin of the commodities market for a couple decades, and commodities are tanking worldwide. Take a look at the numbers, and see what you think.
Economic Statistics
China export trade: -8.8% year to date
China import trade: -17.6% year to date
China imports from Australia: -27.3% year over year
Industrial output crude steel: -3% year to date
Cement output: -3.2% year over year
Industrial output electricity: -3.1% year over year
China Manufacturing Purchasing Managers Index: 49.8 (below 50 is contractionary)
China Services Purchasing Managers Index: 50.5 (below 50 is contractionary)
Railway freight volume: -17.34% year over year
Electricity total energy consumption: -.20% year over year
Consumer price index (CPI): +1.6% year over year
Producer price index (PPI): -5.9% year over year, 43 consecutive months of declines
China hot rolled steel price index: -35.5% year to date
Fixed asset investment: +10.3% (averaged +23% 2009-2014)
Retail sales: +10.9% the slowest growth in 11 years
Shanghai Stock Exchange Composite Index: -30% since June
Are these actions and statistics consistent with a country thought to be growing at 6.90% annually?
Nobody knows what's really going on in China, too many contradictory statements vs actions. They're predicting 6.9% growth, but the numbers don't add up. They've been the linchpin of the commodities market for a couple decades, and commodities are tanking worldwide. Take a look at the numbers, and see what you think.
Economic Statistics
China export trade: -8.8% year to date
China import trade: -17.6% year to date
China imports from Australia: -27.3% year over year
Industrial output crude steel: -3% year to date
Cement output: -3.2% year over year
Industrial output electricity: -3.1% year over year
China Manufacturing Purchasing Managers Index: 49.8 (below 50 is contractionary)
China Services Purchasing Managers Index: 50.5 (below 50 is contractionary)
Railway freight volume: -17.34% year over year
Electricity total energy consumption: -.20% year over year
Consumer price index (CPI): +1.6% year over year
Producer price index (PPI): -5.9% year over year, 43 consecutive months of declines
China hot rolled steel price index: -35.5% year to date
Fixed asset investment: +10.3% (averaged +23% 2009-2014)
Retail sales: +10.9% the slowest growth in 11 years
Shanghai Stock Exchange Composite Index: -30% since June
Are these actions and statistics consistent with a country thought to be growing at 6.90% annually?
