Friday, September 18, 2015

Who Are The Winners And Losers From China Trade

Source: China General Administration of Customs; calculations by Rhodium Group

Andrew Coflan, Foreign Policy: Mapping the World’s Winners and Losers from China Trade

In the past year, the U.S., Australia, and Brazil have all taken a hit.

The story of China’s trade over the past half-decade or more has stayed relatively consistent: countries exporting commodities to China have seen enormous inflows of money as the country has consumed huge quantities of raw materials, while developed countries in Europe and North America have run persistent and politically contentious deficits as they consume the output of China’s factories. Over the past year and a half, however, this story has changed significantly. Commodity prices have fallen sharply, and China’s economy is slowing from its double digit growth. Many economies around the world are reeling as a result.

China’s trading partners have seen once dependable surpluses wither away, or already existing deficits grow to frustrating levels. This presents a starkly different picture than during the heyday of China’s global growth — where GDP growth rates topped 10 percent per year, versus below seven percent today. The map below shows worldwide monthly average trade deficits and surpluses with China from January 2015 to July 2015. Red indicates a deficit; the deeper the red, the higher the monthly deficit. Click on any country for data:

WNU Editor: The U.S. is clearly the big loser.

6 comments:

B.Poster said...

Russia is the world's most powerful country. China is the world's second most powerful country. So far US leaders have failed to grasp this and act accordingly/ God willing US leadership will recognize geopolitical realities as they are and not as some might wish they are and act accordingly. If they do, good outcomes for the United States are still possible. Failure to recognize this reality means good outcomes for America are about as likely as the parting of the Red Sea/ If US leadership and its citizens sill followed the God of the Old and New Tes5aments of the Holy Scriptures reliance on such improbable miracles would be advisable. Until the Untied States changes course reliance on such miracles is inadvisable. Russia is the the world's most powerful country. GET USED TO IT!! Defeating it is impossible. We should be asking "How can we add value to Russia and its leadership?"

phill said...

Who wants a biscuit?

Unknown said...

Are you kidding russia fell apart years ago!

Unknown said...

Putins trolls?

Alex said...

ARAcobra - nailed it.

#PutinTrolls

Alex said...

ARAcobra - nailed it.

#PutinTrolls