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China's April Export Fall by 22.6%


Thursday, May 14, 2009

China's exports in April fell by 22.6% from a year ago, the sixth successive month of decline.

April's fall in exports was also bigger than the 17.1% annual decline recorded in March.But other data released on Tuesday suggest that Chinese government efforts to stimulate the economy are pushing up investment levels in the country.

In recent months, the government has encouraged banks to lend huge amounts to businesses to help them get through the downturn. That money has being spent on new equipment as well as massive infrastructure projects.

The outlook for exporters remains uncertain, because they are reliant on improvements in economic conditions elsewhere, which the Chinese government has little control over.

But for the Chinese economy as a whole, the prospects are brighter.

By: DocMemory
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