10.08.2015 - China's Exports Plunge - More Bad News For Commodities?
China’s exports plunged 8.3% in July, far worse than expected, as China gets a taste of the other side of globalization – whereby a slow down in one area of the world spreads to another, in a vicious cycle of decline. For years, China has been the largest beneficiary of globalization, riding a virtuous cycle of global growth in China’s three largest export markets – European Union, the US, and Japan. But with the EU floundering in the swamp of stagnation, caused by austerity; with the US barely growing under massive QE and with Japan trying to shake off two lost decades of economic growth, China’s export growth engine is running in reverse in all three regions...............................................Full Article: Source
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