News features
Chinese exports report significant growth
Wednesday, 10 Mar 2010 01:59
China's export market has reported a substantial increase over the past year.
The sector demonstrated a 45.7 per cent rise between February 2009 and the same month this year.
It is thought that the growth may be significant enough to prompt officials to allow the country's currency to take its natural course in the markets.
The Chinese yuan had previously been held steady again the US dollar in a bid to alleviate the tough economic conditions imposed on Chinese businesses.
Liu Qiyuan, economist for China merchant Securities, told the Associated Press: "Stronger domestic demand led to the good performance of imports. We can see the domestic economy is on track for recovery."
Analysts predict that the country's growth will have a knock-on effect on the surrounding Asian countries.
Investors have been recommended by financial advice website Money Control to consider countries such as Thailand and Malaysia, as they have benefitted from China's rapid growth in recent months.
Related Articles
Updates are coming shortly