Thursday, June 18, 2009

China Exports in decline , GDP Grows

despite the 7th straight month in decline in exports China GDP continues to grow and its appetite for commodities never ends , China was said to be stocking up in Gold crude oil and other vital commodities in these last months , , the growth of the GDP is mainly driven by internal demand and not as traditionally by external consumption mostly on the American market , this is setting a precedent , also china is tightening its relations with other major emerging markets like Brazil Russia and India during the past BRIC meeting they agree to boost their internal trade and try to get out of the domination of the dollar . China should help exporters with higher tax refunds and better credit insurance, a senior government official said.

No comments:

Post a Comment