Chinese exports slows down on euro debt crisis

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
In October China's exports advanced at the mildest pace in two years as Eurozone debt turmoil harmed region's demand putting pressure on Chinese government to stimulate growth.  Overseas shipments increased by 15.9% compared to previous year and trade surplus reached $17 bn lower than all Bloomberg survey estimates. According to Ken Peng BNP Paribas SA economist in Beijing, a further decline in growth rate is expected.

 

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