China Suffering From Deepening Global Woe ; Emerging Markets

Summary


Chinese exports and imports fell unexpectedly in November from year-earlier levels, dramatically illustrating how abruptly the world's fourth-largest economy has slowed in response to the global credit crunch.

The country said its top priority in 2009 would be stable and fast economic growth a mid 'mounting difficulties,' and vowed to use a broad range of policy tools to meet its goals.

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China Suffering From Deepening Global Woe ; Emerging Markets

The drop in exports was the largest since April 1999 while the decline in imports was the steepest since monthly records kept by bankers began in 1993.

Othe...

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