LayoffBlog.com

December 10, 2008

Economic pain hits China as exports fell last month

Filed under: China,economy — DF @ 11:03 am
Tags: , , , ,

According to IHT: “China’s exports fell for the first time in seven years, the government reported Wednesday, sliding 2.2 percent in November and providing stark evidence that the global financial crisis had arrived here in earnest. In October, by contrast, exports had surged 19.2 percent.

Imports also plunged sharply last month, falling 17.9 percent and widening the trade surplus to $40 billion from $35.2 billion in October.”

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