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Xinyuan Real Estate Co., Ltd. Message Board

  • shelly_showman shelly_showman May 8, 2013 12:11 AM Flag

    Let's not tell the Chinese in China

    About 2 hrs ago, I read a Bloomberg article about the trade numbers being up significantly on imports and exports. Basically what the article came down to was The Ministry's rosy glow, was interpreted by other Chinese spokespersons as saying after the first quarter, how this was great and showed China going at full steam or at least half steam. An hour later, that article is gone, replaced by more cautious reporting, and the following statements.

    'China’s export growth unexpectedly accelerated in April even as shipments to the U.S. and Europe fell, spurring renewed skepticism of data under investigation by the government.'
    '“We advise caution in interpreting these figures,” said Yao Wei, China economist at Societe Generale SA in Hong Kong. The report on April trade was again at odds with the “unambiguous disappointment” in figures from South Korea and Taiwan, she said.

    South Korea said May 1 that exports rose 0.4 percent in April from a year earlier while Taiwan said yesterday that its shipments abroad fell 1.9 percent. China’s exports to the U.S. dropped 0.1 percent and shipments to the European Union declined 6.4 percent, according to today’s data.'

    Hey, not to worry, we still have those import numbers.......or do we?

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