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Of the Global Economy given so many countries do so much trade with china. Chinese Government Data shows that the value of exports fell 14. 5 compared to the same month a year ago. That suggests the rest of the world is buying less stuff. The value of imports also fell by more than expected, down 12. 4 onjuly a year ago. But that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government, who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period, as the country continued its post covid recovery. And last month, chinas struggles were cited as a key concern for the Global Economy when the International Mon ....
That is, of course, japan, south korea, taiwan and germany. let s not forget, you know, china is germany s largest export destination outside europe. and all these countries are also under pressure to reduce their trade relationship with china. you know, basically pressure coming from the us. so this is clearly a problem. but i think what this number today really highlights is the need for china to reduce its dependency on exports even more quickly. and this means that they have no choice but to undertake real economic reforms and deregulation to stimulate investment, domestic consumption, something that xijinping has been reluctant to do. but i think now this crisis literally risks burning down the house. i think finally, perhaps the reformers basically have a chance to basically push through some of their agenda they haven t been able to do for the last ten years. yeah, they haven t enacted any major stimulus, have they, since covid? it s really struggling internally, also in the pro ....