Chinese Exports Down. Cars? Who Cares
December 11th, 2008 9:09 AM
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Meanwhile in China, cars are waiting to be loaded at the port of Guangzhou. The LA Times had sent a photographer to China, hoping to find something worse than Long Beach. He aimed carefully, narrowed the field of view, and still came up with empty lots. The Chinese car trade isn’t hit hard by the export slump, because it’s so small, that it’s hard to hit. Other exports are way down, the LA Times reports while they are there. China’s exports to the U.S. dropped 6.1 percent in November as Americans avoided even Wal-Mart.
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Sales were up in October and November at Wal-Mart. Sales so far for November-December have been up 3.4%.