“The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.”

Tuesday, March 11, 2008

China's trade surplus shrinks

China's trade surplus has shrunk to roughly a third of the level in the same month a year ago.

Customs authorities in China have put the figure at US$8.56 billion dollars in February.

Economists had been expecting a weakening of export performance, due to economic woes in the US, which have made consumers less likely to but Chinese-made goods.

They have also warned that China's exports are under threat from a variety of factors, including a strengthening of the yuan, the local currency.

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