China imports, world stock prices trending downward
In China's export-import statistics for April 2022 (USD basis), exports rose 3.9% year-on-year to $273.6 billion, while imports were flat year-on-year at $222.5 billion (down 0.1% in March).
In April, trade with Russia saw exports fall by almost 30% while imports rose by nearly 60%. The rise in imports is thought to be due to increased procurement of oil, whose price is surging. This suggests that other imports are decreasing.
(Growth-rate graph referenced from Nikkei article)
China's imports also stagnated or declined. This leaves the United States as the only economy driving the global economy.
That United States is tightening monetary policy to curb demand.
The U.S. national finances are sound (low debt), so a bit of rate hikes should not be a worry.
Even if stock prices fall (asset values decline), the need for a Powell put is not high.
Rather, when asset values fall, demand is restrained.
The environment is in a stock-price decline.
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