Thursday, October 13, 2011

China's Trade Surplus And Exports Shrink: Stocks Fall Globally

Stocks are falling in the world today as the bad news come from China. China's trade surplus shrank to $14.51 billion in September (from $17.76 billion in August), more than expected.

Growth in exports also fell to a seven-month low, 17.1 percent year-on-year in September from 24.5 percent in the previous month, reflecting slackening global demand. Export growth eased to. Analysts were forecasting a slowdown to 20.8 percent.

Imports rose 20.9 percent annually, also lower than the 30.2 percent increase in the previous month, and also below the 24.6 percent growth forecast by economists.

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