The Chinese General Administration of Customs published the new January figures. The Chinese exports are in comparison to 2008 down 43.1 percent, that is US $ 51.34 billion. The exports are not much better with -17.5 percent or US $ 90.45 billion but the overall trade surplus doubled up to US $ 39.1 billion. See details [...]
China’s inflation rate hit a 17-month low, official data showed Tuesday, leaving greater room for cutting interest rates at a time when the global crisis has made economic growth the top priority.
The consumer price index in October was up 4.0 percent in October, compared with 4.6 percent the previous month and the lowest level since [...]