China Jan-Sept 2016 port volume up 2.7% | IHS JOC

Martian

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The mainstream media reports that China's exports and imports have both fallen in dollar-value. This gives the false impression that the volume of Chinese exports and imports is falling.

Since the dollar-exchange rate is fluctuating against major currencies, it is useless to gauge China's exports and imports using dollar-value.

Let's go directly to China's data on Twenty-foot Equivalent Units (TEUs) of goods exported/imported this year. A TEU is the twenty-foot container that you see on the back of semi-trailer trucks.

According to IHS JOC, China's Jan-Sept 2016 port container volume was up 2.7% over last year.

In conclusion, China's exports/imports are very healthy and shipments have increased by 2.7% compared to last year. Chinese trade is increasing, not decreasing.
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China port volume up, Hong Kong decline slowest in two years | IHS JOC

"China’s top ports booked a healthy rise in throughput year-over-year in September, taking year-to-date growth to just under 2.7 percent, as traffic declines at Hong Kong slowed to their lowest level in two years.
...
The ports handled 114.5 million TEUs so far in 2016, up from 111.6 million in the first three quarters of 2015."

 

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