Myself I'm cheering. Chinese exports plunge 25.7 percent in February:
Exports in February dropped 25.7 percent from a year earlier, compared to a forecast of a 5 percent decline. Imports fell 24.1 percent, against a forecast of a 25.0 percent drop.
The country's trade surplus shriveled to $4.84 billion last month, a three-year low, from $39.1 billion in January. Economists had expected a surplus of $27.3 billion.
I don't know what this means in terms of China continually buying U.S. debt but at least American has reduced it's massive consumption of Chinese goods.
Note that 20 million have lost their jobs. Because China's population is so massive, look at how much they must export in order to employ their people. That said, anyone who has information on China's own domestic economy, their own consumer economy, please post.
We sure know the United States has that!