Hong Kong Exports Plummeted, CCP Economic is from Bad to Worse

On August 25, Hong Kong announced that imports and exports plummeted by nearly 10%. Hong Kong’s exports fell from 6.4% in June to 8.9%, while imports also plunged 9.9% from a slight increase of 0.5% in June. According to figures released by the CCP in July, in the first five months of 2022, Hong Kong’s imports and exports fell by more than 6%, and the decline in July exceeded 6%.

On the other hand, the CCP once again claimed that the domestic employment situation was generally stable. However, according to a market report, domestic PC year-on-year shipments in the second quarter of this year fell by 16%. Among them, personal computer consumption fell by 19%, and commercial dropped by 13%. The data indicates a decline in consumption by individuals and a deterioration in businesses’ economic conditions. Enterprises could not provide new employees with computers or stopped recruiting new employees.

Observers pointed out that both the plummeting imports and exports of Hong Kong this year and the sharp shrinking of the CCP’s domestic computer market have all confirmed Miles Guo’s prediction and analytical conclusions early in August. Miles pointed out that Xi Jinping would use Hong Kong’s economic downturn to accelerate the collapse of the world economy. At the same time, the failure of the economy within CCP China is the layout of the infightings after the CCP 20th National Congress.