Wednesday, December 10, 2008

First mainland export fall for 7 years


First mainland export fall for 7 years
10-12-2008

China's exports fell in November for the first time in seven years, reflecting slowing global demand. Government data shows November's trade surplus widened to a new monthly record of US$40.1 billion as exports fell by 2.2 percent from the same month in 2007 and imports fell even faster. Correspondents say the drop in trade adds to pressure on Beijing to keep the economy growing and avert widespread job losses.

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