Tuesday, October 14, 2008

China still going strong

"For the moment at least, China's exporters have defied slumping US and European economies as the annual Christmas supply period ramps up.
Figures released Monday night in Beijing reveal that to the surprise of commentators, September was an all time record for exports.
China's trade surplus hit a record $US29.3 billion last month as exporters defied all the forecasts of falling international demand.
Exports rose 21.5% year-on-year last month compared with 21.1% in August.
In dollar terms, exports in September totalled $US136.4 billion, while imports grew 21.3% to $US107.1 billion, even though the price of oil and many metals has fallen with the slump in global commodity prices."

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