The Largest exporter in the world of the fictitious economy.

Germany mainly exports machinery and specialized equipment (26.1%), vehicles (22.3%), as well as chemical products (15.7%).

The main import items are specialized equipment (21%), vehicles (13.6%), chemicals (13.2%), natural gas and crude oil (10.1 %).

With exports equal to $1.12 trillion worth of goods,

Germany ranks as the second largest exporter in the world.

The largest exporter in the World or the Ficticious Economy?

Top Exporting Countries

The amounts of goods produced by the top exporting countries exceed the amount demanded on the domestic market. These countries play a critical role in the world trade, the goods and services produced within these countries are exported to the most parts of the World

Export – shipping of goods from one country or state for sale or use in the other country or state.

in 2009:

Chinese exports grew by 17.7%

and have exceeded $1.2 trillion.

Income has reached 6.847 trillion yuan

(17.7% more than in 2008)

Chinese imports incresed by 56%

to $112.3 billion

Import – bringing in foreign goods from abroad.

"Risk of overheating

of Chinese economy"

International trade is beneficial for all participants. Each country can find its place in the world market, using what it is rich by and what it has comparative advantage in.

In 2007 China had Bad debts amounting to $ 900 billion, these debts were converted into shares of state banks, which attracted a huge number of giant international banks as a “strategic investors” for 3 years

Is everything as good in China as it seems to be?

have been comparing China’s economy with, “Noah’s Ark” and argue that the «Made in China» will save the world economy, and China will become the engine that will pull the World out of the crisis.

These state banking institutions have been transformed into joint stock companies controlled by the Chinese government, with shares traded on the Stock Exchange of Hong Kong and China. This increased the capital adequacy ratio (CAR) for this three-year period, despite the fact that later “strategic investors” began to leave the game.

However, the present “boom” of the Chinese economy is a false prosperity and wellbeing, covered by the empty price bubble on the real estate market.

Beijing all the time quotes the “foreign media” (which is actually funded by the Communist Party of China), in order to show that China’s economy is a “Noah’s Ark,” which will pull the world out of the recession. They also worldwide promote the idea that in the next ten to fifteen years, China will replace the U.S. as an economic superpower.

In reality, China Banking Regulatory Commision (CBRC) is controlled by the Communist Party, while China’s central bank acts as the government “wallet”. Obviously, the control system of banking activities in China is extremely weak and unreliable. CBRC is not able to control the operation of Chinese government, carried out by the Central Bank.

If China’s economy will not be supported by any effective measures, the “Noah’s Ark,” can turn into a “Titanic”.

Victor Shih, expert on China from Northwestern University in Forbes magazine, comments on the article “China bubble” identified the economy of China as a “Financial pyramid, controlled by the Central Bank which is printing money in huge amounts”

Third, the Government project called “stimulus package for China’s economy” with the budget of $ 4 billion, became a tool for further stretching of bank loans, instead of actually stimulate the economy of China. For example, a government inspection team found problems in the 2151 project out of a total 2472.

Secondly, China has invested too heavily in the real estate sector. The scope of real estate amounted to 6.6% of the total GDP of China, as well as a quarter of the investment in fixed assets. The amount of loans for purchasing real estate, issued by Chinese financial institutions (including loans to developers and mortgage loans for the purchase of private housing) has reached several trillion.

First, the capital adequacy ratio, increased by absorption of the old bad debts fell, resulting in deteriorated quality of bank assets. At the end of November 2009 China Banking Regulatory Commission has demanded the main Chinese banks to raise their CAR. According to the BNP Paribas [one of the largest financial services groups in the world] eleven largest Chinese banks needed to raise capital to 300 billion Yuan ($ 44 billion) to achieve higher standards.

in 2008, China began to pursue a liberal monetary policy to resist the economic crisis. At the same time, the crisis of Chinese banks becomes a significant cause of stress and fear for foreign competition. Mainland Chinas’ media often provided information as follows:

In 2008 the number of unemployed amounted to about 250 million, including 200 million migrant workers from rural areas and 50 million "sedentary" people, coupled with about 50 million graduates.

Thus, the 300 million unemployed people account for 30% of the working population in China. Over the past few years, rising unemployment leads to a decrease in consumer activity, combined with the steady weakening of the domestic demand in China. The purchasing power of Chinese is almost completely focused on residential real estate market, so that the index of consumer activity in the domestic market fell to a historic zero.

High rates of investment growth and low rate of domestic consumption are the major cause of imbalance in the structure of the Chinese economy over the past 30 years.