Explaining China’s “Import Surge” in Seven Pictures

By: Mike Shedlock | Thu, Jun 8, 2017
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As a follow-up to China Exports, Imports Soar: Global Trade Outlook Improving? let’s investigate China’s “Import Surge” with a series of pictures.

China Imports and Exports Year-Over-Year


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The above from ZeroHedge China Trade Data Beats As Crude Demand Surges (Ahead Of Maintenance)

Crude Monthly Year-Over-Year Price Rise Percent

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Crude Monthly Year-Over-Year Dollar Increase

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US Trade in Goods and Services

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US Trade in Goods and Services Moving Average

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US Trade Deficit by Country Through April

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US Trade with China 2017 vs 2016

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The idea that global trade is improving is largely a commodity-induced fantasy related primarily to the price of oil.

By Mike “Mish” Shedlock


 

Mike Shedlock

Author: Mike Shedlock

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Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit http://www.sitkapacific.com/ to learn more about wealth management for investors seeking strong performance with low volatility.

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