Forbes (October 13)
“China’s export numbers for September are out and they show a fall of 10% in year on year numbers. This has caused global stock markets to stumble…. because the China export numbers are a reflection of demand in the global economy and if that’s weak then the global economy is weak.”
Tags: China, Demand, Exports, Global economy, September, Stock markets, Weak
New York Times (May 17)
“Japan’s economy, the world’s third largest, expanded at the fastest pace in a year during the first quarter on stronger private consumption and exports, complicating Prime Minister Shinzo Abe’s decision on whether or not to delay a planned sales tax increase next year.”
Institutional Investor (December 14)
In Taiwan, “a regime change could cast a chill over relations with China and inject fresh uncertainty into the economy at a delicate time.” Since China accounts for 40% of its exports, Taiwan is taking an economic hit as China’s economy slumps. Things could get worse due to coming elections. Tsai Ing-wen is the leading presidential candidate and her party is independence leaning.
Tags: China, Delicate, Economy, Elections, Exports, Independence, Regime change, Taiwan, Tsai Ing-wen, Uncertainty
Financial Times (October 18)
“The scandal engulfing” Volkswagen “is by no means the biggest German economic challenge. Demand from China is slowing sharply, a blow to one of the biggest suppliers of machine tools to that country’s vast manufacturing sector.” The broader challenge, however, remains Germany’s overdependence on a “narrow export-oriented model,” which leaves the country “vulnerable to longer-term underperformance.”
Tags: Challenge, China, Demand, Exports, Germany, Machine tools, Manufacturing, Overdependence, Scandal, Volkswagen
The Economist (August 15)
“This is the year that the economic plan of Shinzo Abe, the prime minister, should be taking wing…. Yet the economy’s performance has been underwhelming. The problems have been weak industrial production, thanks to a slowdown in exports to America and China, and anaemic household consumption.”
Tags: Abe, China, Consumption, Economy, Exports, Industrial production, Problems, Slowdown, U.S., Underwhelming
USA Today (July 30)
“The Chinese government certainly likes to control things. It keeps its currency artificially low to promote exports. It meddles heavily in real estate prices. And it is obsessed with controlling information on the Internet. But nothing has been as jarring to American sensibilities as its recent efforts to prop up stock prices.”
Tags: China, Currency, Exports, Government, Internet, Real estate, Stock prices, U.S.
Bloomberg (March 8)
“China’s second interest-rate cut in three months has raised fears that the government is trying to devalue the yuan to give its exports an unfair boost — an understandable suspicion.” In this case, however, “lower interest rates and a moderately weaker yuan make sense not just for China but for the rest of the world as well.” These factors should help Chinese leaders achieve their “soft landing” growth target of 7%. “The rest of the world no less than China needs this soft landing to be smoothly accomplished.”
Tags: China, Devalue, Exports, Government, Growth, Interest rate, Soft landing, Yuan
Washington Post (January 19)
The drop in oil prices is hitting Venezuela, Russia and Iran hard. These “three troublesome nations” rely on energy exports for 68-95% of their external revenue. Venezuela now “appears on the edge of a political chasm. Putin will try to fend off domestic upheaval with more foreign aggression. And Iran will make a fateful choice between forging a lifeline to the United States and Europe and consciously embracing isolation and harsh austerity.”
Tags: Aggression, Austerity, Chasm, Energy, Europe, Exports, Iran, Isolation, Oil prices, Putin, Russia, U.S., Venezuela
Bloomberg (October 15)
Vladimir Putin is losing “his best friend: expensive oil.” Petro revenue makes up 70% of Russia’s export revenue and “oil has been the key to Putin’s grip on power since he took over from Boris Yeltsin in 2000, fueling a booming economy that grew 7 percent on average from 2000 to 2008.” To balance its budget, Russia needs a per barrel price of over $100. “At $90, close to the current level, Russia will have a shortfall of 1.2 percent of gross domestic product.”
Financial Times (August 26)
“China’s tottering property market presents one of the greatest threats to the global economy.” The reverberations would be felt around the globe, particularly by nations reliant on natural resource exports. “The size of China’s property boom–and therefore the fallout from any crash–is awe-inspiring. In just two years, 2011 and 2012, China produced more cement than the US did in the entire 20th century.”
Tags: Boom, Cement, China, Crash, Exports, Fallout, Global economy, Natural resources, Property market, Threats, U.S.
