Tuesday, December 9, 2008

China's exports 'may have shrunk'


China's exports 'may have shrunk'
09-12-2008

An adviser to the People's Bank of China, Fan Gang, says the country's exports may have shrunk last month. The official figures are expected to come out soon. If Mr Fan is right, it would be the first contraction in exports for seven years. Previous data showed exports grew 19.2 percent in October. Analysts say a negative figure would place further pressure on policy makers, who are meeting in Beijing, to do more to boost the economy.

Blog Archive