China now looks set to overtake Japan in 2010 as the world’s second largest exporter, with February figures well above even the optimistic forecasts: 45.7 percent over February 2009. Figures from a year earlier reflect the dip due to the economic crisis, but February figures were double the increase in January exports, up 21 percent. The Financial Times notes that Chinese authorities nevertheless intend to wait to lift stimulus measures because of an uncertain global economy.
Imports are also growing steadily, providing more evidence that the Chinese economy is rebounding.
Links to other sites: Financial Times, Xinhua
Posted by Ellen Wallace on 10 March 2010 at 11:02 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 10 March 2010.
Filed under: World news
Tags: China, exports, growth, Japan
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