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CQQQ - Shrinking Imports Confirm Negative Developments For China's Economy
Invesco China Technology
The year over year rate of growth in the value of goods China imports from the U.S. dropped into negative territory in August 2020.
The Chinese government ordered five aluminum smelters to reduce production on 26 August 2021 in a move it claimed was "part of efforts to stamp out illegal production".
We think Chinese government officials knew they had a developing problem with shortages of energy supplies in August, but underestimated it.