On December 11, the Chinese goverment anounced that the exports fell in November for the first itme in seven years due to the global financial crisis. As China remains to be the largest exporter in the world, the decreased in the export resulted from the decrease in the demand for oversea goods has influeced the export in China significantly.
The chinese exports decline about 2.2 % and imports fell 17.9% in China.
This huge drop in imports has been the biggest since the early 1990s, and the goverment pledge to do everything that they could to maintain a stable health economy.
This figures from China has been a big suprise to other Asian countries, as goods demand are large in China. Due to this the GDP of China is expected to decrease in 2009 until 2010 where the recovery of the financial crisis occurs.
No comments:
Post a Comment