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Current time: November 26, 2024, 11:49 pm

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Chinese imports are rising
#1
Chinese imports are rising
http://www.bbc.co.uk/news/business-12706793

Quote:China surprise

Earlier, Chinese government data showed a surprise trade deficit for the first time since March last year.

Exports grew at 2.4% in February from the same month a year ago.

Imports on the other hand increased by 19.4%, resulting in a trade deficit of $7.3bn, the largest in seven years.
It seems the chinese are beginning to suffer the effects of becoming a rich country, let's hope this continue so the markets can balance themselves, when the chinese stop messing with their currency.
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