Falling Exports Result Of The Chinese Carry Trade: Omni

While experts debate whether the Chinese economy is slowing gradually or in real trouble of crashing, one factor that continues to cloud the debate is the lack of reliable data. Most people except that official numbers coming out of China are massaged, but without knowing the full extent it’s hard to form an opinion on what’s actually happening.

PMI drop precipitated official drop in Chinese exports

Earlier in the year analysts noticed that there was a distinct difference between PMI, which was definitely decelerating, and Chinese exports which were officially still growing. Many thought that the official figure of 10.6% year-on-year growth was at least directionally correct, if inflated, but that assumption was called into question when the Chinese...