Wednesday, September 16, 2009

China's foreign trade off 20%

From Chinese Shipping

BEIJING, Sept. 11 -- China's foreign trade figures continued to fall in August, but their downward rate slowed, the General Administration of Customs (GAOC) said Friday.

The total value of imports and exports for August was 191.7 billion U.S. dollars, a decrease of 20.6 percent compared with the same month last year, but a 2.3 percent increase from July.

Their trade is off around 20% compared to year ago figures. It's difficult to know if the increase August vs July is significant, as I am not sure when the "peak season" starts.

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