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Article: CHINA'S EXPORT SITUATION TO IMPROVE AT YEAR-END, EXPERTS.
- Article from:
- AsiaPulse News
- Article date:
- July 2, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, July 2 Asia Pulse - China's export situation is expected to greatly improve at the end of this year or the beginning of the next year once it passes through its hardest period, said Chinese economists Wednesday.
Official data show that the value of China's exports had slumped 21.8 per cent year on year in the January-May period, suffering a seven-month slide since October of last year. Furthermore, May's export value fell 26.4 per cent from the same period last year.
Fan Gang, a member of the central bank's Monetary Policy Committee, said that China's exports will recover as the economy is regaining its ...