Always do that at the end of the year to avoid looking like idiots.
Always do that at the end of the year to avoid looking like idiots.
US-bound shipments from the Xinjiang Uygur autonomous region rose 265 per cent year on year to US$2.4 billion in the first seven months of the year, Chinese customs data showed. The increase is startling given China’s overall exports to America have fallen sharply since US President Donald Trump imposed high tariffs on the country’s goods earlier this year, with shipments in August.
According to the data, the surge was largely driven by a large uptick in shipments of holiday decorations from Xinjiang to the US. Exports of Christmas decorations totalled US$151.7 million during the January-July period – 20 times the amount during the same period last year. Holiday entertainment items – such as magic show equipment – were the second largest export category, followed by toys and models. Both showed sharp year-on-year increases, rising from about US$20 million to US$108.2 million and US$71.4 million, respectively.
“The money laundering is the result of fentanyl sales, and both the People’s Republic of China’s government and the US government and citizens are hurt by the money laundering,” he said. Bessent added that modern money laundering networks were the “offspring” of groups originally designed to evade China’s capital controls and had since morphed to serve . “We discussed ways we could work together and the Chinese delegation was very keen to work with us. It was an area of extreme agreement,” he said.
I think I heard somewhere that China has now taken over Japan as the largest producer of industrial robots, is that right?
China's August economic data numbers including production. Industrial robot showed some really impressive growth so far this year.
According to the chart posted, India(!) has a greater share of world manufacturing than Japan. In nominal GDP, Japan's manufacturing world share is about 7% and India is at 3% which seems much more realistic. China is at 30% in nominal GDP world market share.As though we need more evidence that China's GDP has been underestimated grossly.