While there still seems some way to go before anyone can call Chinese export figures decidedly positive, things seem to be moving in the right direction – at least according to official digits from Beijing released on October 14. September exports dropped by 15.2% year-on-year - a significant number, but still well below the predicted 21%, and an improvement to the 23.4% slashing in August.
The September figure constitutes the smallest setback in the last nine months and is generally seen as a sign that global trade is getting back on its recession-battered feet – even in spite of the fact that this September included two more workdays than last year, which – according to Goldman Sachs – might have had an impact.
China's September imports showed a decline of 3.5%, compared to a predicted 15%, which sums up to a total monthly trade surplus of 12.93 billion USD – a figure that had been estimated to end up closer to the 17-billion-USD mark.
Full story in Danish
News category: China
Published on this site: Oct. 16, 2009
Source: borsen.dk