China’s trade growth slows |
| Financial Times - Oct 13, 2011 |
China’s trade growth slumped last month as the world’s second-largest economy felt the impact of economic turmoil in its most important trading partners in Europe and the US.
Exports increased by their slowest pace in seven months in September, expanding 17 per cent from a year earlier to just under $170bn, compared with a nearly 25 per cent increase in August, according to customs data released on Thursday.
“China’s export growth is feeling the chill from the intensifying crisis and weakening demand from the west,” Qu Hongbin, an economist at HSBC, said.
Imports rose 21 per cent from a year earlier to $155bn, slower than a 30.2 per cent rise in August.
China is the world’s largest goods exporter and its trade fluctuations often provide clues to the health of the global economy.
Read Full Article from Financial Times
- Posted: 2011-10-13 11:34:02
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