China posts record trade surplus

CGTN Europe interviewed David Mahon, Executive Chairman, Mahon China Investment Management

[@angrydad1907]

That’s so weird…. For the past 30 years I’ve heard how the Chinese economy will collapse.

[@ranjusranjus143]

Yesterday a popular Indian youtube channel proclaimed that Chinese banks have collapsed

[@Bav_ar]

You're probably a the economist reader 😂

[@georgewilder7423]

​@@ranjusranjus143 No... I don't believe it!! Indians don't lie, do they??😂😂

[@bopian8913]

​@@ranjusranjus143 You can trust snakes to tell the truth.

[@discoverchina1885]

same same haha

[@AIPretendingToBeHuman]

208.81B drop in imports -- "Sign of Weak Domestic Demand" or an alternate explanation may be local companies are replacing foreign imports. I'm not an expert but I can imagine a Chinese consumer buying a 15k car, instead of a 25k European or American import and putting the 10k in the bank. It might look bad on the China's GDP number; but the consumer would be happy. As a US citizen, I wish I had that problem -- but the only option available to me is a 40k Tesla.

[@kl9518]

All my friends and relatives in Hong Kong are buying Chinese products. They are just better quality and value now. BYD, Volvo, Polestar, MG, Xiaomi, Huawei, Dji, Lenovo

[@matsmcmats]

Wishful thinking. They are hoarding their cash because the future looks kind of uncertain.

[@KayyHong]

@@matsmcmats --- and you are going into debt big time because the future looks bright for you???

[@KayyHong]

Your alternative explanation is the right one. Why western analysts focus on the negative and ignore the positive as far as China is concerned?

[@user-lb4yx1ms5f]

​@@KayyHongBecause they are sour grapes unwilling to accept the reality that China is now successful. Thus they are embarking on a campaign to bad mouth China so as to blind side their own constituents from their own pressing domestic problems.

[@PhilipWong55]

If one country adds 10 billion dollars of debt daily while the other gains a trade surplus of 3 billion dollars daily, which country is broke?

[@donttryitjohn364]

If one country posts record surpluses then other countries must absorb those surpluses. The US has played that role for decades now. China has exploited free trade for a long time now to pursue their investment-led growth model. That will change in the coming years as the rest of the world is fed-up with it. I love how you glorify making things and sending it to other countries for IOUs that will just be inflated to near worthlessness. Don't be naive and see the world for what it is not what you want it to be.

[@Enfinauniverso]

China used to spend more on imported chips than imported oil. That could be part of the reason.

[@thisiskevin1000]

Today, and in no particular order, electric vehicles (EVs), solar panels, machinery and equipment, semiconductors, aircraft components and aerospace products, chemicals and electronic devices are the biggest source of exports.

[@izajahmed8863]

Chips are being made locally.. still not at the level to demand but it's gonna be there in 2-3 years.. west self destructing and there is no way they can compete with china as they keep prices exaggerated

[@ZweiZwolf]

At the rate things are going, China won't be importing much of either by the end of the decade. China's got a LOT of chips capacity coming on line over the next few years, and imports of older chip tech are collapsing. Samsung is already seeing big revenue drops, and we're starting to see the same at Intel, Nvidia and Qualcomm. This will accelerate even further as China continues to push 5nm and more advanced nodes, further reducing the range of what China needs vs what the West is allowed to sell. As for oil, China probably hit Peak Oil last year and their renewables and nuclear push is going strong. Last year, China added more solar than the rest of the world combined. This year, China has twice as much solar & wind under construction as the rest of the world combined, along with more nuclear approved and under construction than anywhere else.

[@willengel2458]

South Korea used to have a trade surplus for the past decades. SK had a trade deficit with China last year? China no longer needs to buy 14nm and above because they can produce their own.

[@Spiderryder-]

Weak domestic demand? China is a manufacturing powerhouse, why would they even need to import much? This reporting is always a pain to watch

[@scientistlarry6313]

China does not print global reserve currency. So it is trying to increase export and reduce imports. Using US method of printing money and buying goods, it is a non-starter for China.

[@wnklee6878]

Probably China sells the US the paper to print the money.

[@ssuwandi3240]

They did very recently thru $50, billion bonds issuance 😊

[@ssuwandi3240]

Plus adjusting the mid point daily in Yuan conversations. Dollar got zero manipulation like your beloved foreign country

[@billinsf88]

@@ssuwandi3240but the bonds issued wasn’t used to support a deficit like your “beloved country”🤭.

[@SaretGnasoh]

@@ssuwandi3240 yet your “beloved country” keeps deficit

[@gliu1431]

China imports less semiconductor chips (7nm and above) because they can now produce them. This going to reduce total import amounts.

[@souria1671]

Bravo 👏👏 à la grande Chine 🇨🇳❤️❤️

[@morganangel340]

Considering chips where the main imports, and China replace more and more imported chips, no surprise imports fall.

[@danielli9167]

That is what I think too.

[@jason-us8pc]

WHO IS THE CHINA EXPERT THAT SAYS CHINA IS COLLAPSING?

[@Luming-di9rf]

The same expert who says the the US economy is at its strongest it's ever been.

[@Paul-H-Wolfram6608]

Gordon Chang. 😁😆🤣

[@Lansing_Eight]

Palki Sharma

[@GaryL-kn4vx]

@@Paul-H-Wolfram6608You got it😂

[@xabiermorales7781]

I know one guy that has been saying that China is colapsing for decades. Gordon Chang lol

[@petergreen5337]

❤Congratulations to China

[@chanbengfoo342]

Imports slow is not because of less Domestic consumption Luckin instead of Starbuck Li Ning instead of Nike

[@supa3ek]

Stuff you guys........im learning chinese !!

[@rolandeyezz]

It could be weak demand, or Chinese people may choose to buy local

[@Kingofthehill84]

No, local demand are down.

[@kamsunleong6648]

​@@Kingofthehill84 One of the possible reason. But not the main reason. People still need to live and work and consume.

[@Kingofthehill84]

@kamsunleong6648 Chinese economy is going down just like the rest of the global economy that's why the local demand are down worldwide.

[@wonkothesane7000]

@@Kingofthehill84 The growth in demand is down, not the demand.

[@sanzhang-tx1zm]

@@Kingofthehill84 我滴妈呀，就你们外国人整天污蔑我们，谁还买你们的产品

[@billinsf88]

If China is banned from purchasing semiconductor chips, wouldn’t that reduce their imports?

[@danielli9167]

simple logic. I can not believe that some people do not have that logic in their head.

[@ZweiZwolf]

They're generally shifting to 'unsanctionable' and patriotic domestic suppliers at lower cost vs expensive Western brands. It's a macro trend across a host of consumer goods, from automobiles and energy to coffee and clothing.

[@sanzhang-tx1zm]

我们的军事实力在这，你有什么资格禁止我们购买，更何况我们能够自己生产

[@tianjiang8176]

Hahhaahahhahahahhahaahahahahhaahahhahahahahahahaahhahaahahhaahahahahahhahahahahahahahahahhahhahahahahahahaahhahahahahahahahahahahahahahahahahahahahahahahahahahhahahahahahahaha I thought China was going to collapse? 🤔🤔

[@henryyuen5224]

😂😂😂

[@leondee918]

China has been collapsing for decades, according to them

[@DucaTech]

Drop in imports is due to export control of advanced semiconductor chips by US and China is building domestic ones. Otherwise they would have imported $400B worth of nVidia GPUs.

[@akakakakakak3084]

No problem, US stocks market has created more than $400 billion in thin air😅

[@Jiidwag]

China will just copy Nvdia chip, soon China will make far far more advance AI chips than Nvdia. China produces millions of Engineers every year, very discipline people while USA produces more idiots for Only Fans and Tik Tok shorts.

[@kamalkashyap2496]

Well they produce everything domestically so they always in surplus

[@VickyVicky-pe2qd]

I'm favoured financially with Bitcoin ETFs approval, Thank you, buddy.$42,000 weekly profit regardless of how bad it gets on the economy

[@AbelGrace-sw1pt]

How is that? If you do not mind me, please 🙏

[@VickyVicky-pe2qd]

Lia Lorenzo has been my backbone since last year and has brought me many benefits.

[@NickyThomas-di1xo]

I don't know that people know Lia Lorenzo that much. I have been able to climb from $10k to $56k, plan under her supervision, and her responsibility. The signs are the best to enter and exit, a very good woman.

[@AbelBenjamin-yi6uo]

Please, how do I connect with Lia Lorenzo? I would appreciate it if you show me how to go about it

[@NickyThomas-di1xo]

She is mostly active on what'sapk👇👇

[@georgewilder7423]

Exports fell slightly cheaper as said...does that necessarily mean that things are slowing down in China. Chips were one of their biggest imports,so maybe China's becoming self -sufficient in that line so imports are down.

[@bcychung]

China 加油！ 🎉

[@pbworld7858]

BBC: Over-trading

[@ceychungyu7462]

High tariffs is actually a free lunch to local manufacturers, who will include the tariff value to their local sales, every car sold will be a coupon value of the tariffs on vehicles sold. The losers are the consumers who pay the additional value. Never works, robbing Paul to pay Peter.

[@ZweiZwolf]

Huh? No, tariffs worked great for Australia's Holden motors. Also the UK's MG, Lotus, Rover, Mini, and Vauxhall. And Sweden's SAAB and Volvo. They're all doing just fine, right?

[@richardt6980]

june imports fell because the demand for local goods has gone up. they are cheaper and supports domestic production

[@_Tony.Montana]

And America add $1 trillion every 100 days on their debt.

[@tedb5432]

Their imports are going down, as they have substituted products with own technologies, which are on par or higher.

[@FredJones-lo2df]

We Westerners can never achieve the acumen of asiabs.we think we are a lynx, but are a kitty.

[@DanBurgaud]

USA, EU post record trade deficit

[@othmanhassanmajid8192]

Better to learn from China

[@FrankiePo89]

The ego of the white supremacy wouldn't allow it.

[@henryyuen5224]

They are too arrogant to learn from China

[@user-uy6yu6mm5r]

Bravo China.

[@antonmihoc4109]

You can not beat a country that plays the long game. We should learn from China, not try to stop them.

[@kimoykalinago4154]

Weak domestic demands?? Is that code for self sufficient?? 😂😂😂

[@bellhula1535]

Almost a 100Billion surplus in a month.

[@jeffreystliow]

China is importing much lesser Chips. They are cooking up big batches for themselves in their kitchens.

[@skyw4278]

No one here has a clue LOL

[@tonisetio989]

GOOD MANAGEMENT 👍

[@dude-fk2rn]

For sure that all Finance youtubers are talking about China collapse.

[@user-pd3si5nb3z]

Biscuit and a cup of tea story, it is something else, in the heart of their people, now educated and history conscious.you are in cleaners

[@chatsoon6802]

what they can do iou paper products?

[@henryyuen5224]

Are you still living in the past?

[@timothychung4811]

Palki from 'Firstpost' says differently though. 🤣

[@devyanilimaye8560]

If India considers China a friend/neutral, India should copy them even more, in summary India should copy China there is no other option if India wishes to be prosperous

[@user-ks3bh1xe5q]

This channel's info is lackadaisical. Imports fell because of massive export bans, like chips, to China. However, China has embarked upon concerted import substitution to overcome these bans.

[@naar7192]

😂😂😂😂😂😂😂🙈🙈🙈🙈🙈joke of the year!!!

[@louistan7560]

Good news before the Plenum.

[@rezakarampour6286]

👍✌

[@tonyatgoogle6076]

Blame ne, and my addiction to temu and AliExpress 😂😂😂😂

[@dliu115]

The western guest in the early part seems like a foreign ccp loyalist

[@dayveda3736]

Ok

[@davidguthrie4724]

do not believe anything u hear nnd only believe half of what you see

[@willybyun1834]

Lies

[@therealdeal2163]

Keep thinking that China's economy is collapsing ...GDP numbers mean nothing to the Chinese ...China will keep advancing and progressing ...

[@henryyuen5224]

😂 oh please if most countries are in trade deficit, where do you think the trade surplus goes to?

[@MrRapperJd]

Free the uyghurs

[@sulittipid9945]

Free women in sports! No men in women's sports

[@FrankiePo89]

Please go to Xinjiang to help free them. Bring along your love ones too. The Uyghurs need you.

[@henryyuen5224]

Go see the truth in your own eyes rather than blindly believing what the biased media feeds you.

[@MrRapperJd]

china is cool but would be cooler if they would have : freedom of speech, democracy, human rights etc

[@andrewhh7888]

China is not worse than US in term of all these! Meritocracy is at work in China. Chinese leaders are screened by the people and for the people. They serve all the people and not the top 10% as in the US.

[@MrRapperJd]

@@andrewhh7888 nah not true

[@ensteffo]

China is cool and it would be cool if western indoctrinated simpletons would gain an ounce of critical thinking skill and give up spewing racist washington propaganda lies about the countries with enough strength and self respect to be sovereign.

[@sulittipid9945]

Worst in US in china you cann say the N word the G word and D word which you can never openly say in the US

[@applebee9060]

@@MrRapperJd you’re really not up to speed. The world is very different now compared to the 60s. Best thing for you to do is to go there for a visit.

[@wu05354207]