China reported surprisingly strong trade figures on Wednesday providing fresh evidence that the World’s third largest Economy is firmly on a recovery track and that global demand is important too.
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Exports in September fell 15.2% from a year earlier beating forecasts of a 21% fall while imports fell just 3.5% well short of expectations of a 15.3% decline the General Administration of Customs said.
Brian Jackson an Economist at Royal Bank of Canada in Hongkong said the slower pace of decline was good news for China’s recovery because growth this year has depended too much on the Government’s 4 trillion stimulus Package.
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