JUST how worrying are the figures, published on Wednesday December 10th, showing that China’s exports and imports plunged in November? Exports fell by 2.2% last month from a year ago; imports plummeted by an astonishing 17.9%. One analyst sums up the news as “a shock figure”. Full Story »
Posted by Kaizar Campwala
Sharp reporting and analysis of China's latest trade numbers, along with great background information making this a worthwhile read.
Ford said that if you make a good product, sell it for a reasonable price, and stand behind that product. you'd have people beating down your doors. I can't say that this is the reason China has lost a lot of it's economy, being a dummy at economics, but when you start exporting goods that are unreliable, make children sick, and contain chemicals that I can't even spell, somethings gotta give.
Surely we can't dispute the stats researched by the Economist, however what this publication fails to deliver in this specific article is context!. How do these low numbers and the tanking economy affect Chinese people and workers. Only one paragraph was given to explain this relationship, leaving my head spinning with stats and little else.
"Chinese workers, who are already restive, may find the new year increasingly difficult. If export growth ceases entirely, and jobs are threatened, social responses could be more severe." Those of us expats who reside in China have already seen first hand the effect of limited employment and low wages for Chinese migrant workers and factory workers. These good people are the heart and soul of China's economy, however their wages and working conditions are pathetically low. It ... More »
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