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China posts a surprise trade deficit, Funny Picture of Hu

President Hu Picking Nose

from BBC

Shipments grew at a weaker-than-expected 2.4% in February from the same month a year ago, latest figures show.

Imports on the other hand increased by 19.4%, resulting in a trade deficit of $7.3bn (£4.5bn).

“Imports have dropped significantly, and it points to a serious weakening in domestic economic activity”

Xu Biao China Merchants Bank

“The Chinese government will be happy to see a modest trade deficit for a while”

Wang Jianhui Southwest Securities

 

 

 


0 Comments Add Yours ↓

  1. ying #
    1

    This is not president Hu, he is the former president Jiang.

  2. theaveeditor #
    2

    Sorry.

    Can you explain the hierarchy?