Weak Chinese Trade Data Confirms Global Slowdown, Imports Tumble
by Tyler Durden
ZeroHedge.com
Aug 8, 2016
While central banks continue to “print” liquidity, now at a pace of nearly $200 billion per month, they are unable to print trade, perhaps the single best indicator of deteriorating global economic conditions. The latest confirmation came overnight from China, which reported another batch of disappointing trade data including imports which have now declined for 21 straight months, while exports have fallen for 12 of 13 months.
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