Tuesday, October 12, 2010

China is about to crash (update 4): Trade data weak

  • Sept Exports +25.1% on Year Ago (Forecast +25.5%)
  • Sept Imports +24.1% on Year Earlier (Forecast +23.7%)
  • Sept Trade Balance $16.9bln (Forecast $18bln)
Bank of China: Zhou Xiaochuan rumored to say China will not raise rates this year.

After the 50bps hike in reserve requirements for the 6 major banks to 17.5% for 2 months.

Trade war/currency war still on, China in slight panic mode.

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