iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,975 Blog Posts

China Smashes Trade Surplus Estimates to Pieces — Boom Time Bitches — Trade War Edition

You might take note that I’ve been especially belligerent in my recent posts — truly cussing a lot and acting indecorous. This behavior, of course, is unbecoming of a gentleman and I’m prepared for the backlash, which is coming soon. But I’ve got to tell you, quite honestly, it doesn’t matter what you think. Your opinions are less than invalid. They run contrary to what truth is and are the 3x inverse XIV, triple lindy version, of authority.

Dollar-denominated exports for the month rose 9.1 percent from a year ago, according to Chinese customs data. China’s exports in January were expected to have contracted 3.2 percent from a year earlier, according to economists in a Reuters poll, compared with the previous month’s 4.4 percent decline.

January dollar-denominated imports, meanwhile, fell 1.5 percent on-year, which was far better than expectations of a 10 percent decline from a year earlier, according to the Reuters poll. Imports in December fell 7.6 percent from a year ago.

China’s overall trade surplus was $39.16 billion in January. That easily topped the $33.5 billion expected, according to the Reuters poll. That was still lower, though, than December’s trade surplus of $57.06 billion.

Well, well, well — look at that, LOOK AT IT — LOOK-AT-IT.

More gains coming. Get long some China plays.

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7 comments

  1. edge

    Got to have money in China. They’re eating our lunch.

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  2. bronze28

    can anybody believe anything the Chinese put out???

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  3. flea

    Doesn’t look especially good for China to me… and that’s if you can believe it (remember how GDP was not allowed to EVER be printed below 7%)

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    • 0 Deem this to be "Fake News"

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