• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

    May 9, 2025

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»China’s Struggling Economy Is Infecting The Rest Of The World
Business

China’s Struggling Economy Is Infecting The Rest Of The World

November 10, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
China Marks The 74th Anniversary Of The Founding Of China
Share
Facebook Twitter LinkedIn Pinterest Email

China is offloading its production abroad, flooding the world market with cheaper goods, as its domestic economy struggles with its own citizens having less discretionary income for purchases, according to The Wall Street Journal.

The price of exports from China has dropped around 20% this year, partially reflecting the need of Chinese sellers to discount their products to offload excess inventory, expanding their market share abroad and hurting countries’ domestic industries that have to compete with the discounted goods, according to the WSJ. The Chinese economy has recently faced a number of concerning indicators, including disappointing economic growth, falling consumer spending, possible deflation and decreasing producer prices, according to the Financial Times. (RELATED: Foreign Automakers Post Big Profits As Big Three Suffer From Strike)

“With a weakening economy, China naturally looks for exports,” Brad Setser, a Council on Foreign Relations scholar, told the WSJ. “But any meaningful expansion of Chinese exports beyond current levels will crush production elsewhere.”

Chinese producers are also being incentivized to export due to the declining value of China’s currency, the yuan, compared to the U.S. dollar, which makes selling goods abroad more profitable, according to the WSJ.

China’s exports to Russia (green) and Central Asia are seeing truly massive increases, even as China’s exports to Ukraine (purple) have collapsed. China is becoming the single biggest trading partner for Russia and filling the gap left by the West… pic.twitter.com/Qg7dPJJWGC

— Robin Brooks (@RobinBrooksIIF) November 7, 2023

When China sought to export excess inventory in the past, it triggered a wave of closures in other countries, according to the WSJ. Cheap exports in the solar panel industry and excessive steel output have previously triggered a wave of closures in western countries like the U.S.

See also  South Korea September exports fall at mildest pace in 12 months

China’s excessive exports are particularly dangerous this time around in the electric vehicle industry, where the country has been rapidly gaining market share in global exports, rising from just 4% in 2020 to 21% in 2022, according to the WSJ, citing a report from research company Rhodium Group. Chinese steel also threatens production abroad, with the country’s steel export prices having dropped around 60% from last year, but export volume increasing 53% in October year-over-year, underselling foreign competitors and increasing supply.

China’s real estate industry, which accounts for a large amount of its growth, is also in crisis, with the country’s top developers facing the possibility of defaulting on huge debts to both foreign and domestic bondholders. Since the beginning of the debt crisis in the real estate market in 2021, companies that are responsible for 40% of Chinese home sales have defaulted.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Chinas Economy Infecting Rest Struggling World
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Understanding its symptoms and treatments 

August 1, 2023

‘You Don’t Have the Power You Used to’

July 8, 2023

German Chancellor Warns Ukraine Not to Attack Russian Territory

May 4, 2023

REPORT: Amanda Bynes Placed On Psychiatric Hold After Interaction With Police

June 20, 2023
Don't Miss

How Smart Mattresses Improve Sleep Quality For Couples

Lifestyle May 9, 2025

Sharing a bed with your partner can be romantic… until it’s not. One of you…

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,111)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,628)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Keith Richards Celebrates Mick Jagger’s 80th Birthday On Twitter

July 26, 2023

Seven Year Olds to Be Offered Transgender ‘Treatments’ from the NHS

August 8, 2023

Cowboys’ Micah Parsons Says One Day He’ll ‘Disappear’ to Africa

August 7, 2023
Popular Posts

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.