Saturday, March 10, 2012

Times are a changing

China Posts Massive Trade Deficit

BEIJING—China swung to a massive trade deficit in February, due partly to seasonal distortions but also to faltering demand for the country's exports.
The weak export performance comes on top of a raft of disappointing economic data on Friday that economists said will add to the likelihood of additional easing by the central bank and other policy makers.
"Overall, economic conditions are getting weaker at a fast pace," said Nomura economist Zhiwei Zhang. "The slowdown is happening faster than the government expected."
China posted a trade deficit of $31.48 billion in February after reporting a $27.28 billion surplus in January, ...
Comment: We'll have to check whether its transitory or permanent. If it's permanent all things have changed concerning international finance.

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