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[Marxism] China In, China Out
Recent trade figures for China show year-over-year declines for last month in
exports of app 17% and import declines by a startling 42%. Now I think this
indicates just how dependent China's "domestic" growth is on exports, and
indeed how weak the domestic market is in China. Doesn't prove it, by no
means, but certainly makes one think....
Chinese banks also more than doubled their lending on year-over-year, AND,
month-to-month comparisons in January.
The fundamentally fragile nature of the Chinese economy is being exposed, and
exposed to severe dislocation.
If, in this general situation of deflation, there is a country where inflation
might erupt and ravage the national currency-- I think China is it.
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