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CHINA EXPORT AND IMPORT DEMANDS DIPS AMID GLOBAL FEARS

Aruba, February 2, 2012 - The demand for Chinese exports fell in January as global economic uncertainty continued to hurt consumer confidence. Latest government data showed China's new export order index fell to 46.9 from 48.6 in the previous month.

The imports index also dropped to 46.9 from 49.3 in December, showing that domestic demand was slowing. The data comes amid concerns over the impact of a global slowdown on China's economy.

Analysts said that Chinese exporters were being hurt by falling demand in key markets such as the US and Europe due to the ongoing economic problems in those economies.

Read more/ Source: http://www.bbc.co.uk/news/business-16828095
 

 

By orbitalnets.com