I am entertaining myself with the chart below that comes from economists at Barclays Capital. We have had musings about the importance of Chinese growth story, also as a leading indicator for the global manufacturing cycle. Obviously, Chinese imports play here some role.
Click on chart to enlarge, courtesy of Barclays Capital.
The economists at Barclays Capital wrote on Friday:
... there are already signs of a slowdown in Chinese imports from the US and Europe.