china collapse? yeah right!

I like the comment from Chuck Butler this morning:

"Speaking of China… Chinese officials have to be smiling like Cheshire Cats with the latest round of data. First we saw home price inflation back off, then we saw the manufacturing index improve, and now Exports look like they are holding up very nicely, even with the slowdown in the U.S. and Europe. Chinese export growth in December rose 13.4% from a year earlier. It did slip a bit from November’s 13.8% increase, but it looks like the naysayers were wrong once again about China… It appears that with exports to the U.S. slowing down, shipments to Japan and the emerging economies remained Steady Eddie…

The Chinese Trade Surplus widened in December to $16.5 Billion from $14.5 Billion in Nov. You’ve just gotta love a Trade Surplus!

I think that given all the things / data we’ve seen recently from China that my call that it would be moderation for the Chinese economy and not “collapse” that a boat load of economists have called for the last two years! "

Copied from: http://www.kitco.com/ind/Butler/jan112012A.html

Doomsayers on China need to wait a bit longer I'd say. Good luck!