Sunday, October 14, 2012

China's 9.9pc export growth eases fears of sharper global downturn





China's exports grew more than expected in September, temporarily easing worries of a sharper downturn in the global economy, though analysts warned the pickup might not be sustainable.


Exports totalled US$186.35 billion last month, up 9.9 per cent year on year, figures from the General Administration of Customs yesterday showed. The growth was higher than the 5.5 per cent median estimate tipped by Bloomberg and the 4.5 per cent predicted by HSBC. Exports only grew 2.7 per cent year-on-year in August.









via Business feed http://www.scmp.com/business/economy/article/1060625/chinas-99pc-export-growth-eases-fears-sharper-global-downturn

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