Wednesday, Mar 11, 2009
This will really bake your noodle:
BBC: China's exports in sharp decline
Chinese exports plunged by more than a quarter in February from a year ago as the world's third-largest economy was hit by a drop in demand for its goods. Exports dropped by 25.7% to $64.9bn (£47.3bn) compared with the same month a year earlier, while imports fell by 24.1% to $60.1bn, figures showed. The country's trade surplus stood at $4.8bn in February, compared with $39.1bn the month before. The dramatic drop in exports came as a surprise to many analysts. "This is clearly worse than expected. We were looking for a rise of 1.2%," said Robert Subbaraman at Nomura International.
Posted by charlie brooker @ 07:58 AM (287 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.