This passed a news feed ticker I watch. WOW!!!!!
11:21 p.m. China's January imports down 43.1% on year
11:20 p.m. China's January exports fall 17.5% on year
What is really big is the import number. The reason is because China imports raw materials to export finished goods such as toys, t-shirts etc. Exports will slow down after imports. What this shows is that the Chinese economy is in free fall mode.
Those are amazing numbers!!!
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