Wednesday, March 11, 2009

Chinese exports plunge

Chinese exports plunged 25.7 per cent in February compared with a year ago, much higher than analysts had expected, as the global economic crisis began to take its full toll on the country’s export sector.

However, the government also announced a strong increase in fixed asset investment in the first two months of the year, which economists said was a sign that fiscal stimulus measures were starting to have an impact.

Who needs Chinese junk?

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