Sunday, February 14, 2016

China Collapse Accelerating

Yuan devaluation is having no impact, quite the opposite...

Part of this is currency translation, since this is Dollar-denominated trade. However, December's currency translation impact was similar, and "analysts" expected China's exports to decrease -1.8%, so they were only off by 6x. 

Imports were expected at -3.6% dollar denominated:

January's exchange rate was a multi-year low:
Yuan / Dollar