Asian Dev't Bank predicts growth in China's Q4 exports
Published: 08 Oct 2009 01:19:19 PSTOct. 8, 2009 (China Knowledge) - The Asian Development Bank says China's exports are likely to return to growth in the fourth quarter. Favorable government stimulus policies such as export tax rebates have paved the way for a recovery, the bank said in a statement. China's export value has been falling since November last year. Exports were US$105.42 billion in July, down 23% year on year, and US$103.7 billion in August, down 23.4% year on year, according to statistics released by the General Administration of Customs. The Manila-based bank raised its forecast for China's economic growth this year to 8.2%, a sharp increase from the 7% it estimated in March, China Knowledge reported earlier. Copyright © 2009 www.chinaknowledge.com |
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