Saturday June 12, 2010
China’s exports surge 48.5%
New Statesman
Exports from China to Europe grew 49 per cent.
China's exports surged 48.5 per cent in May on a year-on-year basis but raised concerns about the debt problem in Europe and the fixed value of the yuan.
Exports from China to Europe - its largest export market - grew 49 per cent y-o-y compared to 28 per cent in April. Some economists say this export rise would be temporary as the continent is facing tough issues of debt.
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