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Thread ID: 123062	2012-02-01 05:22:00	China In Decline?	SurferJoe46 (51)	PC World Chat

Post ID	Timestamp	Content	User
1256836	2012-02-01 05:22:00	This is from a US viewpoint, but it may also apply to youse guys in Upsidedown Land . The demand for Chinese exports fell in January as global economic uncertainty continued to hurt consumer confidence . Latest government data showed China's new export order index fell to 46 . 9 from 48 . 6 in the previous month . The imports index also dropped to 46 . 9 from 49 . 3 in December, showing that domestic demand was slowing . The data comes amid concerns over the impact of a global slowdown on China's economy . Analysts said that Chinese exporters were being hurt by falling demand in key markets such as the US and Europe due to the ongoing economic problems in those economies . "The economic situation in Europe continues to remain grim . It seems like the eurozone will not be able to avoid a recession in 2012," Stephen Joske of the Economist Intelligence Unit told the BBC . "There is no doubt that China's exports will have a tough year ahead . " China has relied on the success of its manufacturing and export sector to power economic growth in recent years . Even though demand is slowing we don't see any major economic crisis building up” But as growth abroad slows, China has been trying to boost demand for its products at home in an effort to rebalance its economy internally . "The key thing really for the Chinese economy is domestic demand," the Economist Intelligence Unit's Mr Joske said . However, encouraging domestic demand has brought some challenges along with it . Consumer prices in China rose sharply in the first half of last year . At the same time, there were fears about the formation of asset bubbles within the country . As a result, authorities implemented measures to contain consumer price growth and cool down the nation's property market . Analysts said these measures have started to take effect and may slow growth in short term . "Even though demand is slowing we don't see any major economic crisis building up," Mr Joske added . "We are likely to get one or two bad quarters, but growth for the whole year should be robust by global standards . " The data showed that China's purchasing managers index rose to 50 . 5 from 50 . 3 in December, indicating a slight expansion in the manufacturing activity . . bbc . co . uk/news/business-16828095" target="_blank">www . bbc . co . uk	SurferJoe46 (51)
1256837	2012-02-01 06:08:00	I doubt that very much. NZ has a free trade agreement with China and I also know personally someone who is importing stuff from China, and business is booming! LL	lakewoodlady (103)
1256838	2012-02-01 06:29:00	Yeah, China is a bit like Nokia, who are also feeling demand drop. Their business model has been built about insatiable demand for their products, fueled by either insane demand (eg cellphones and ipods) or insanely low labour prices. Now that demand is dropping and wages/expenses in China rising they need to learn / adapt to a different situation. Business as usual might not see the bills paid. They might have made a house of cards supported by wild economic growth.	Paul.Cov (425)
1256839	2012-02-01 06:40:00	You might want to check out how much of your country's foreign debt is owned by China. All that money US consumers spent on cheap chinese imports has been pumped back into the US buying govt. bonds and inflating the property and share markets. The Chinese govt learned a lot from the activities of the big US investment houses in the Asian crisis. The next 50 years will be "interesting times".	fred_fish (15241)
1256840	2012-02-01 14:19:00	The next 50 years will be "interesting times". Think it'll be that long?	SurferJoe46 (51)
1256841	2012-02-01 17:46:00	The demand for Chinese exports fell in January as global economic uncertainty continued to hurt consumer confidence. Analysts said that Chinese exporters were being hurt by falling demand in key markets such as the US and Europe due to the ongoing economic problems in those economies. Yes. All the manufacturing and jobs go there (and other overseas countries) and then no-one has a job anywhere else, so how do they pay for all this stuff? Not exactly rocket science....	pctek (84)
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