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Asian Economies Now in Trouble.
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Lisa Lisa
Jun 1, 2012, 8:50:50 PM6/1/12
to
What a shocker:
Chinese Exports Show Trouble for Asian EconomiesBy WAYNE ARNOLD and
REYNOLDS HOLDING
Published: November 27, 2011
China’s manufacturing engine is sputtering, which bodes ill for other
Asian exporters like Japan and South Korea. They’re counting on China
to offset slowing demand from the United States and Europe. But much
of what China imports goes into making its own exports. And even what
bona fide domestic demand is left is likely to be affected by a trade
slowdown.
China’s exports show troubling signs. Annual growth in monthly
exports has slowed from 34 percent a year ago, to 16 percent. Growth
in China’s imports from the rest of Asia eased from 90 percent year on
year in early 2010 to roughly 20 percent in October.
Asia’s exports to China started booming after China joined the World
Trade Organization in 2002, as the country demanded components and
machinery it couldn’t make. That made the rest of Asia a crucial part
of China’s supply chain, but also made it more dependent on Chinese
export demand.
How much is hard to tell. China’s exports of goods made from imported
materials are equivalent to 40 percent of its imports. Assuming
generously that half of the value of those exports has been added by
Chinese workers, it means up to one-fifth of Asia’s exports to China
are destined for global markets. Then there’s the export-related stuff
that goes into China but doesn’t come out, like equipment and
machinery.
Machinery and transport equipment, for example, accounts for roughly
40 percent of Korea’s exports to China.
The hope has been that China will consume an increasing share of its
Asian imports at home. But domestic demand is unlikely to stand up to
an export slowdown. Exports as a portion of gross domestic product
have been falling since 2006, but only back to where they were in
2003. And even a small change in exports can influence consumption and
investment habits.
The past offers a guide. During the 2008 crisis, China’s exports fell
25 percent, and its imports from Asia halved. Then, gross exports were
equivalent to 35 percent of China’s G.D.P. They account for 29 percent
now. It’s hard to see how Asian imports will hold up if China’s export
engine stalls again
Chinese Exports Show Trouble for Asian EconomiesBy WAYNE ARNOLD and
REYNOLDS HOLDING
Published: November 27, 2011
China’s manufacturing engine is sputtering, which bodes ill for other
Asian exporters like Japan and South Korea. They’re counting on China
to offset slowing demand from the United States and Europe. But much
of what China imports goes into making its own exports. And even what
bona fide domestic demand is left is likely to be affected by a trade
slowdown.
China’s exports show troubling signs. Annual growth in monthly
exports has slowed from 34 percent a year ago, to 16 percent. Growth
in China’s imports from the rest of Asia eased from 90 percent year on
year in early 2010 to roughly 20 percent in October.
Asia’s exports to China started booming after China joined the World
Trade Organization in 2002, as the country demanded components and
machinery it couldn’t make. That made the rest of Asia a crucial part
of China’s supply chain, but also made it more dependent on Chinese
export demand.
How much is hard to tell. China’s exports of goods made from imported
materials are equivalent to 40 percent of its imports. Assuming
generously that half of the value of those exports has been added by
Chinese workers, it means up to one-fifth of Asia’s exports to China
are destined for global markets. Then there’s the export-related stuff
that goes into China but doesn’t come out, like equipment and
machinery.
Machinery and transport equipment, for example, accounts for roughly
40 percent of Korea’s exports to China.
The hope has been that China will consume an increasing share of its
Asian imports at home. But domestic demand is unlikely to stand up to
an export slowdown. Exports as a portion of gross domestic product
have been falling since 2006, but only back to where they were in
2003. And even a small change in exports can influence consumption and
investment habits.
The past offers a guide. During the 2008 crisis, China’s exports fell
25 percent, and its imports from Asia halved. Then, gross exports were
equivalent to 35 percent of China’s G.D.P. They account for 29 percent
now. It’s hard to see how Asian imports will hold up if China’s export
engine stalls again
Bret Cahill
Jun 2, 2012, 9:29:19 AM6/2/12
to
Austerity: Free marketry w/o money
The 0.01% laugh at the rightards here snapping at tires as though that
would improve their lot.
Bret Cahill
Dare
Jun 2, 2012, 9:35:11 AM6/2/12
to
On 6/2/2012 9:29 AM, Bret Cahill wrote:
>
> Reaganomics: Free marketry w/o free speech.
> Austerity: Free marketry w/o money
Obamanomics: Free speech w/o money(or markets?)
>
> Reaganomics: Free marketry w/o free speech.
> Austerity: Free marketry w/o money
Lisa Lisa
Jun 2, 2012, 9:36:48 AM6/2/12
to
>
> - Show quoted text -
The rightards identify with the 1%. They think they'll be invited to
the boardroom meetings and the catered country club cook-outs because
they're white.
Sweet dreams, is all I can say. The Romney crowd wouldn't throw water
on them if they were on fire.
Lisa
Bret Cahill
Jun 2, 2012, 11:08:51 AM6/2/12
to
> > Reaganomics: Free marketry w/o free speech.
> > Austerity: Free marketry w/o money
Teabaggernomics: Free marketry w/ neither free speech nor money.
> > Austerity: Free marketry w/o money
> Obamanomics: Free speech w/o money(or markets?)
Where's the money from tax hikes on the rich?
Teabaggernomics controls Congress which is why they have an approval
rating lower than Stalin.
Bret Cahill
Bret Cahill
Jun 2, 2012, 11:17:54 AM6/2/12
to
tires.
> They think they'll be invited to
> the boardroom meetings and the catered country club cook-outs because
> they're white.
just want to keep their low paying dead end job.
> Sweet dreams, is all I can say. The Romney crowd wouldn't throw water
> on them if they were on fire.
cyclists.
A couple months ago a chihuahua shot out from between two parked cars
and got under my rear wheel. I looked over to see him limping away.
I felt really bad, like I had injured a rightard tire biter.
A couple weeks ago he came at me again. Apparently he had made a full
recovery.
I felt so good about that.
Bret Cahill
Phlip
Jun 2, 2012, 12:13:37 PM6/2/12
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> Teabaggernomics controls Congress which is why they have an approval
> rating lower than Stalin.
But Stalin but Stalin but Stalin b..!
> rating lower than Stalin.
Bret Cahill
Jun 2, 2012, 12:25:57 PM6/2/12
to
> > Reaganomics: Free marketry w/o free speech.
> > Austerity: Free marketry w/o money
Teabaggernomics: Free marketry w/ neither free speech nor money.
Bret Cahill
> > Austerity: Free marketry w/o money
Teabaggernomics: Free marketry w/ neither free speech nor money.
Old Pif
Jun 2, 2012, 12:51:02 PM6/2/12
to
On Jun 2, 11:17 am, Bret Cahill <BretCah...@peoplepc.com> wrote:
>
> GOP leaders laugh at rightards like a dog owner watching his dog chase
> cyclists.
>
We the CYCLISTS of the United States, in Order to form a more perfect
>
> GOP leaders laugh at rightards like a dog owner watching his dog chase
> cyclists.
>
Union, establish Justice, insure domestic Tranquility, provide for the
common defence, promote the general Welfare, and secure the Blessings
of Liberty to ourselves and our Posterity, do ordain and establish
this Constitution for the United States of America.
Bret Cahill
Jun 2, 2012, 4:55:27 PM6/2/12
to
the current outbreak of teabagger/libertarianism.
It's also critically important for black leaders to understand the
extent of teabagger racism. A lot of them would rather die from a
treatable disease than to have one cent of taxpayer money go to treat
a black person.
Anyone that debased will cheer state executions of the innocent. In
fact many have already taken the Texas cases with a great deal of
levity.
They are already in the last stage of fascism: Kill 'em all.
Bret Cahill
BeamMeUpScotty☠
Jun 2, 2012, 6:17:32 PM6/2/12
to
professionals in dead end jobs.
--
*He has the most who is most content with the least* -Diogenes-
-Kum bay ya- ☠
Lisa Lisa
Jun 2, 2012, 11:25:40 PM6/2/12
to
On Jun 2, 6:17 pm, BeamMeUpScotty☠
A lot of union members really are Republican because they're
conservative on the social issues. And they may have negative
feelings about blacks.
They're imbeciles. And they're getting their asses reamed now. Maybe
they'll learn something. Or not.
-Lisa
conservative on the social issues. And they may have negative
feelings about blacks.
They're imbeciles. And they're getting their asses reamed now. Maybe
they'll learn something. Or not.
-Lisa
Nickname unavailable
Jun 2, 2012, 11:39:37 PM6/2/12
to
commies. the western wealthy parasites were going to replace the well
paid western workers, with communist serfs. these serfs would consume
the output that the western workers used to produce and consume. is it
possible that anyone could have been that stupid and greedy to think
that that scenario was plausible, of course. we see the results today.
china is a illusion, its bubble has popped, and in many cases the
western corporate boards have invested everything in that implausible
scenario. china could barely consume 1/3rd of what they produced. and
its very likely even far less, after you factor out how much the
communist party bankrolled and mothballed to skew the statistics. they
have one billion or more making less than $6.00 a day.
today the real producers of wealth, and the real consumers have had
their standards of living gutted by free trade chicanery. and the
emperor has no cloths, china cannot drive their own economy.
Lisa Lisa
Jun 3, 2012, 7:02:37 AM6/3/12
to
Yep. Perhaps they were banking on a bigger Asian middle class to take
the place of the American one, and then they could finally be rid of
us. Well, whatever it was, it isn't working.
Lisa
Nickname unavailable
Jun 3, 2012, 2:06:44 PM6/3/12
to
except, they must have been milton friedman towering intellect types.
the new deal made america and western europe economic consumption
power houses, hayek, rand, and freidman despised the fairness of it.
they pined for fascism, and now the chickens have come home to roost.
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