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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (9129)	7/12/2004 4:48:26 PM
From: RealMuLan	Respond to of 116555

China June imports rise sharply, surplus down 14 pct yr-on-yr - Monday, July 12, 2004 10:20:50 AM afxpress.com BEIJING (AFX-ASIA) - China's imports grew 50.5 pct in June for the fastest monthly year-on-year growth rate in at least three-and-a-half years, taking into account the seasonal effects of the Chinese Lunar New Year holidays The surge in imports in June, which compares with 35.4 pct growth in May, was recorded despite a campaign to slow an overheating economy and far outpaced expectations by analysts It helped reduce the country's trade surplus for June by 14 pct to 1.84 bln usd from 2.1 bln usd the previous month and also by 14 pct from a year ago Economists had been expecting June imports to grow by 28-33 pct and exports to expand 30-35 pct "It's much higher than what we expected," Citigroup economist Huang Yiping told AFX-Asia, adding that the key question was whether imports were being driven by investment goods or by consumer goods and goods processed for re-export fxstreet.com

To: RealMuLan who wrote (9129)	7/13/2004 5:27:28 AM
From: zonder	Read Replies (1) \| Respond to of 116555

Yiwu - I read a while back that last year, China's demand for oil grew twice as much as its GDP growth. [In previous years, apparently, oil demand growth was parallel to GDP growth] The analysis I read was saying that this is an indication that China was building strategic oil reserves throughout this year. I would be interested to hear what you think about this. Is China's oil demand that much higher than GDP growth this year? Was China building up a strategic oil reserve? If so, is this build-up over now?

To: RealMuLan who wrote (9129)	7/13/2004 9:19:03 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

China building yachts now nytimes.com Among the carp ponds, duck farms and moldering plywood huts that have long lined the bank of a Pearl River estuary here, a most incongruous newcomer has appeared: a long, towering shed for building very large luxury yachts, a product that has no market in mainland China. ... Increasingly expensive brands of shoes, clothing and furniture are being made in this country, mostly for domestic consumption but sometimes for export. BMW has begun assembling some of its latest models in China for sale here, and Mercedes and Cadillac are preparing to do the same.