Wednesday, May 20, 2009

Sharp fall in exports from China

China's exports in April were down 22.6% from a year ago, the sixth successive month of decline.

April's fall in exports was also bigger than the 17.1% annual decline recorded in March.But other data released on Tuesday suggest that Chinese government efforts to stimulate the economy are pushing up investment levels in the country.

Analysts remain optimistic that China will be the first to make its way out of recession.For those Chinese factory owners who send most of their products abroad, there is little relief in these latest trade figures.Some had hoped the worst was over for exporters, but the 22.6% fall was greater than many analysts had expected.

On the other hand, investment in industrial plants and property in cities was 30% higher in the first four months of the year than it had been in the same period of 2008.

Source: BBC

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