Greater China Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Greater China Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Julius Wong	9/10/2011 8:24:56 AM
	of 8334

China’s Imports, Exports Top Expectations By Bloomberg News - Sep 10, 2011 China’s imports climbed to a record and exports grew more than expected last month, indicating resilience in the world’s second-biggest economy as the U.S. and European recoveries falter. Inbound shipments jumped 30.2 percent from a year earlier to $155.6 billion, the customs bureau said on its website today. That exceeded the estimates of all 29 economists’ in a Bloomberg News survey. Exports climbed a more-than-expected 24.5 percent, leaving a trade surplus of $17.76 billion. Today’s data suggest the world’s biggest consumer of energy and metals is weathering a deepening sovereign debt crisis in Europe and weakening consumer sentiment in the U.S. as the unemployment rate holds at more than 9 percent. Stocks tumbled yesterday on speculation Greece will default and that President Barack Obama will struggle to secure approval from Congress for measures intended to create jobs. “This is better than expected considering the debt crisis and market turbulence,” said Dong Tao, a Hong Kong-based economist with Credit Suisse AG. “It seems that the real economy is doing better than the financial world.” The data provides further evidence that Premier Wen Jiabao’s campaign to cool inflation without choking off growth is taking effect. Data yesterday showed consumer-price gains eased in August from a three-year high. bloomberg.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next