Global financial crisis hits Chinese exports
CHINA’S EXPORTS slumped into their biggest decline in a decade in December as demand for toys, electronics and textiles from the country’s factories fell victim to the worsening global recession.
Exports in December were down 2.8 per cent from the same time last year, data on the Chinese Customs website showed, which marks a bigger decline than November’s 2.2 per cent drop. A year earlier exports grew by almost 22 per cent.
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