Friday, August 17, 2012

China's trade outlook worsens

Aug 16, 2012 by Euronews

http://www.euronews.com/ China's trade outlook for this year is worsening, the country's Commerce Ministry says.

Beijing singled out problems in the European Union - China's biggest overseas market - as the core difficulty for exporters. China's exports to the EU slumped 16.2 percent in July from the same month last year. Overall export growth virtually stalled last month it was up just one percent on a year ago.

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