China publishes awful trade figures for November

China produces dreadful trade figures, in a blow to the world economy

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

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Review

Thomas Carter
3.3
by Thomas Carter - Dec. 13, 2008

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 makes you wonder what China has been doing with the fruits of their growing economy the past decade, because it surely hasn't been used to keep their people fed or housed! So when economists spout off gloom and doom stats such as this article, one realizes that none of it really matters because nothing has or will changed for the WORKERS!

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