Real China Economy

China is reacting very quickly to the Obama administration’s decision to raise tariffs on Chinese tire imports.    Hopefully, this is the end of the exchange of punitive measures.  If it is not, this will obviously be very bad for the world economy.
 
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7nGNZzouDOM
Also, see this NYT article.
http://www.nytimes.com/2009/09/14/business/global/14trade.html?_r=1&ref=business

George Baxter Uncategorized auto, tariffs

To summarize the Chinese official data released on Friday Sept. 11:
 The Good

Manufacturing output: up by 12.3% year on year, better than last month’s 10.8% and higher than consensus. 
Steel output: up 29%
Auto production: up 90%.
Urban fixed-asset investment: up 33.0% for the first eight months of the year, which slightly exceeded already-high estimates of 32.5%.
Retail sales: up [...]

George Baxter Bank Lending, Consumption, Stimulis, stats auto, Consumption, copper, exports, imports, iron ore, oil, retail sales, steel, Stimulis