CHINA Exports Have COLLAPSED as Economic Downturn Accelerates, Wheat Crop in Crisis & US Trade War

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CHINA is in Deep Trouble and the latest data for May reveals that EXPORTS Collapsed 7.5% in the month and the economy is slowing much faster than expected. In addition heavy rain has DECIMATED the Wheat Crops which means China will now have to purchase Wheat in the international markets to replace the lost crops. China is also now retaliating against the USA by banning Microchip imports. In this video I provide full details of the latest economic performance and discuss the potential impact on the Global Economy.

For specific details please check out the CHAPTER list below.

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Chapters:
0:00 Intro
1:22 TRADE RESULTS
5:51 PMI
7:42 INFLATION
10:13 WHEAT
12:02 USA TECHNOLOGY
13:47 GLOBAL ECONOMY
21:26 SUMMARY & CONCLUSION

#china
#globalrecession
#inflation
#technology
#wheat
#interestrates
#india
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds

[susannnico]

The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6, 2016. You’ve got to start taking steps to achieve your goal.

[Aloh-odef]

Ever since the pandemic I have stopped buying anything that says ‘made in china’.

I simply put it back on the shelves and find the same product that is made in another country!

Just remember china makes all the cheap junk found in a pound shop!
You don’t need to buy from china. We m can buy other, much nicer countries make the same items 😉

[andymcrae]

If you think it’s bad
Just imagine what the real numbers are.

Don’t bite the hands that feed you!

[jeromebarry]

I have been working as a contractor for Micron since January 2022. As a design team member, I was added to the Microsoft Teams chat for the design project. In March of last year, every team member in the Shanghai office was removed from the chat. Micron deliberately hired American contractors to help design their products and then deliberately fired their Chinese contractors. I also noticed that when China announced the banning of Micron products last week, that Micron's stock price increased.

[itsjustmax]

Well, my country is getting annoyed by Chinese import goods, especially when almost half of them allegedly were being illegally imported, bypassing the custom tax. I'm from Indonesia, a country with thousands of islands, which beaches are prone to illegal docking and unloading.

[Matz]

Reliance on China, outsourcing and globalisation were always bad ideas. Western entrepreneurs have treated their own industries as the goose and the golden egg.

[pieterduplessis]

I have stopped buying products made in China a couple of years ago. I also try and avoid buying from companies that use excessive amounts of plastic packaging. The only power we have as individuals are to choose wisely where we spend our hard earned money. Support your local industry, and small businesses, this is how you create strong and prosperous communities.

[alvanrigby]

PRC needs firms to no longer invest in them. I am sick of corporates knowingly investing (using Western capital and technology) and expecting us to go on buying their made in China products. Time to invest in Western Countries or at the very least in countries not bearing us a grudge (Phillipines, Mexico,

[ohyeh]

We no longer want cheaply made rubbish to throw away in a couple of days.

[Digmen]

Chinese exports should keep dropping as more and more companies moved from China to other countries. This is great news!
We need to decouple from China, and help other low income countries.
Shoes are now coming from Indonesai, Vietnam and Cambodia.

[Nubbe]

With China supporting Russia and planning military actions against Taiwan I hope people, companies and countries realize that the money they spend on Chinese products goes to their military and will cause us all lot of trouble.

[MusicByRón]

Authoritarian governments try to solve complex problems with simple, sweeping policies devoid of nuance and flexibility.

Who else is shocked?

[Banedraven]

It’s actually pointless making single point graphs on chinas economy when you know they’re lying about all the figures.
Be better off doing upper & lower guesstimates.

[wilburunion]

The wheat thing they did to themselves by not allowing the harvesters to be trucked to the farms, held them up for weeks and THEN it rained

[tedzehnder]

On the wheat harvest, some local governments were stopping and fining harvesting combines and the trucks bringing them to the fields.Unlike a lot of western farmers, they don`t own their own machinery for harvesting.Local governments in China were charging high tolls for road travel stopping the machines trying to get to the fields. This held up harvesting which delayed and hurt the crop.The local governments were hard up for cash and were looking to extort money this way.
China, shooting itself in the foot again.

[samwithers]

I have never in my lifetime seen a stock market that was so irrationally detached from the dire economic conditions unfolding in the real world.

[EnriquePerezBarahona]

You know what could help with that wheat shortage? A peaceful Ukraine following Russia’s full withdrawal

[curtisep]

❤GREAT NEWS❤
THANKS for sharing the love.
BUY LOCAL

[ANO-.-NYM]

It's also the fact that the average consumer doesn't want to buy Chinese products with the CCP being so belligerent and straight-up disrespecting various countries.

[johnm]

I didn’t know there were so many experts on the Chinese economy