Chinese Economics Thread

siegecrossbow

siegecrossbow

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Wrought said:
June trade data is out, and pretty strong. In dollar terms, exports up 5.8% and imports up 1.1% (7.2% and 2.3% in yuan). On a per country basis, exports to the US were notably down 16.1%. But that was compensated for by exports to ASEAN and EU, which were up 16.8% and 7.6% respectively.

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Turns out people still need Chinese goods regardless of how draconian the tariffs are…

And I have a feeling that much of the goods exported to ASEAN countries are just rerouted to the U.S.
 
supercat

supercat

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Wrought said:
June trade data is out, and pretty strong. In dollar terms, exports up 5.8% and imports up 1.1% (7.2% and 2.3% in yuan). On a per country basis, exports to the US were notably down 16.1%. But that was compensated for by exports to ASEAN and EU, which were up 16.8% and 7.6% respectively.

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English version below - record breaking surplus in the first 6 months, China may have a record-breaking total trade surplus of $1.1 trillion in 2025.
Shipments to the US declined -16.1% YoY, but improved significantly from May’s -34% drop, following May 8th trade deal.

Exports to the 10 Southeast Asian (ASEAN) countries surged +17%, helping offset the drop to the US.
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https://twitter.com/i/web/status/1944847618082762872
From Bloomberg:
China Emerges From Trade Chaos With Record Exports, Surplus
  • China ended the first half of the year with a record trade surplus of about $586 billion after exports to the US began to stabilize.
  • Wang Lingjun, deputy head of the customs agency, said "China's trade resisted pressure and progressed in the first half of the year", but noted that the external environment is becoming more complex.
  • According to Eric Zhu of Bloomberg Economics, "The pickup in China's export growth in June was led by a rebound in shipments to the US after a temporary thaw in the trade war that brought down tariffs", but noted that "The blip may not last long".
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tphuang

tphuang

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henrik

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antiterror13 said:
Likely more than that, but possibly not under PBOC, but hold by the people in China. China never exporting gold that produce internally, even China is the largest producer of gold for years now. China is also one of the biggest importers of gold in the world.

I wouldn't be surprised if gold in China (PBOC, corporate and people) exceed 30kt. Remember that Chinese people love Gold

Interesting report here in 2021
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It says around 30,000 tonnes since 2000 and you know before that Chinese also had a lot of gold
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How much gold does India have? Indians also like gold very much.
 
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