China's trade surplus fell dramatically to $17.75 billion in August as compared to $31.48 billion worth of surplus seen in July this year. http://toi.in/ydnc9a
More evidence that they are faking the numbers. China claims economy still growing while exports cut in half?? http://www.reuters.com/article/2011/09/08/us-china-imf-idUSTRE7874XT20110908 China's economic growth, enviable at a revised 10.4 percent for 2010, is expected to slow to 9.6 percent in 2011, according to a June IMF forecast.
So Western economies are slowing, yet they continue to buy more Chinese exports? Doesn't make any sense.
very simple to understand. Its trade surplus. not "exports cut in half". $17.75 billion is what china export in 3 days. If china's total export cut in half, trust me, the price in your warmart will go sky rocket. When china's trade surplus falls shrinky sharpy, its not necessary means china's export is shrinking. It can be a sudden increases of import. lets say, china may import $20.75 billion dollor worth of airplanes form US in aguest, or brought huge amount of india's iron ore a week ago. In fact, china's export in aguest growed 24.5% compare to last aguest~" exports has risen 24.5 percent year-on-year in August to reach $173.31 billion. But imports rose faster at 30.2 percent to reach $155.56 billion U.S. dollars" If you read the whole news instead the title, you will not ask this question at all. By the way, this is a good news for china after all, b/c it will help to lower inflaction in china.
