China Financial Markets: "New trade and reserve numbers from China
April 13th, 2009 by Michael Pettis Filed in Balance of payments, Consumption and production, Exports and imports, Hot money, Reserves
Exports in March dropped a less-than-expected 17.1% from the same time last year – below expectations of 20% and the 21.1% drop for the first two months of 2009. Most of the articles I read in the Chinese and foreign press including, not surprisingly, comments from the customs bureau, hailed this as a sign that the export slump is bottoming out. According to an article in Saturday’s South China Morning Post, for example"
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