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China Exports Crash Most In 6 Months Despite “Devalued” Yuan
Monday, February 15, 2016 2:17
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Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden on 02/14/2016 21:29
Despite the weakening of the Yuan, China exports collapses 6.6% YoY in January (massively missing the 3.6% increase expected). Imports continued their 15 month series of collapses with a 14.4% plunge (again drastically worse than the 1.8% increase expected). This pushed the trade balance to a record surplus CNY406bn.
In Yuan terms it’s ugly… Both imports and exporets were worse than the lowest forecast of all professional economists…
The post China Exports Crash Most In 6 Months Despite “Devalued” Yuan appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/14/china-exports-crash-most-in-6-months-despite-devalued-yuan-2/
