Top Stories From the Breitbart News Desk

[Maganomics Daily]( Top Stories From the Breitbart News Desk China said yesterday that its exports soared in November, while growth of imports stalled. Exports were up a staggering 21% percent compared with a year ago, as much of the world has turned to China for goods such as personal protective equipment, work-from-home technology, and even consumer goods to ease the loneliness, boredom, and isolation that characterizes so many of our lives in a pandemic. Exports to the U.S. were up 46% from last year, despite the fact that most of the tariffs that had pushed these down last year are still in place. Despite China’s relative prosperity – its economy is expected to grow on an annual basis, while those in Europe, North America, and Japan will shrink – imports are rising slowly, and the pace is slackening. China said November’s import growth came in at 4.5%, down from 4.7% in October. This is what predatory mercantilism looks like. [How To Live Your Best Life]( The result of this mercantilism was predictable. China’s monthly trade deficit rose to its highest level ever, $75.42 billion. It set its last record back in May, when imports were depressed and exports elevated because of lockdowns around the world. China, in short, has maneuvered its way into position to be the supply hub to the world during the pandemic and is reaping the rewards. Remember Phase 1 of the trade deal? China’s imports from the U.S. were up 33% in November compared with the month a year earlier, exactly where they were in October. But at this pace, they will fall far short of what was promised back in January when the trade deal was struck. Of course, China now expects it will have Joe Biden on the other side of the negotiations, which will likely mean it will never have to live up to the Phase 1 obligations. China’s foreign minister is already talking about a “reset” of U.S.-China relations. – Alex Marlow, Breitbart News Network --------------------------------------------------------------- TOP STORY [image]( [Consumer Credit Unexpectedly Hits the Skids as Pandemic Surges]( The pace of U.S. consumer borrowing fell steeply in October, reflecting a steep drop-off in the use of credit cards as the pandemic and efforts to stem its resurgence cut into consumer spending. Total credit rose by $7.2 billion in October from the month prior, falling far short of the $17 billion expected by analysts surveyed by Econoday. The figure was just half of the bottom of the range of forecasts. [[Click here for more]( Recommended Link [China’s sinister plan should have Americans worried]( [image]( This is urgent. China’s communist government is now targeting Americans directly. What they plan to do next should have everyone worried… Coronavirus deaths will pale in comparison to the results of this sinister act. Every American needs to watch [this urgent briefing]( to learn more about this shocking situation… and find out how to prepare. [Click here before it’s too late!]( -- IN OTHER STORIES… [Chinese Foreign Minister Calls for ‘Reset’ in Relations Under Biden]( Chinese Foreign Minister Wang Yi told the board of the U.S.-China Business Council on Monday that his country looks forward to a “reset” in relations with the United States under a Joe Biden administration. [[Click here for more]( [China Trade Surplus Sets Record High as World Reels From Pandemic]( China’s trade surplus soared to a record $75.4 billion in November as exports surged 21.1 percent compared with a year ago, highlighting how the global plague that started in China has enriched the Asian behemoth. [[Click here for more]( [Report: Facebook’s Hate Speech Detection Tools Will ‘Deprioritize’ Hateful Conduct Towards Whites, Men]( Tech giant Facebook has reportedly launched a major overhaul of its hate-speech policing algorithms, which will include reengineering the automated moderation systems to detect and remove hateful language that it considers the “worst of the worst.” [[Click here for more]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Trader’s Guide to Technical Analysis]( [image]( [America’s #1 Portfolio Protection Plan]( [image]( [The Gold Investor’s Guide]( [Maganomics]( Maganomics Institute 55 NE 5th Avenue, Delray Beach, FL 33483 [www.maganomics.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. 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