2012年3月29日星期四

More evidence on China's hard landing

蕭若元 之前仲大大聲話大陸經濟唔會有recession, 宜家又話hard landing is imminent.....我都話無咁簡單ga la~~ 自己睇啦,無野好講~~~
link: even-more-evidence-china-hard-landing

The latest container shipments into the port of Los Angeles and Long Beach confirm that China (and Asia) is no longer nearly as much in the game. Inbound is down 10% from last year and 20% from the same month in 2007.  I do think a little marginal production has shifted to the US, but it isn’t really showing up in the data, as rail car traffic in the US is now down 1% YoY. Fed Ex says it will “reduce flight hours, and “park some planes” according to headlines on Bloomberg. It also sees weakness in tech, mobile phones, finance, insurance, and real estate, and it also anticipates below-trend growth.









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