Learning English - Words in the News 12 December, 2008 - Published 13:10 GMT Chinese exports fall | ||||||||||||
China's exports fell in November by 2.2% compared with a year earlier. It was the first such decline in seven years. Overall, the country's economy is still expected to show growth of about 9% this year. Our Economics Correspondent Andrew Walker reports: China has been hit by the sharp economic deterioration in countries that buy its goods. Nearly half of China's exports go to developed countries, most of which are now probably in recession. So there is less demand abroad for Chinese goods. The figures have been described by economists as dreadful and horrifying. There was also an even sharper decline in China's imports - 18% compared with a year earlier. That in part reflects the fact that weakening sales overseas mean that the country's manufacturers have less need of imported raw materials. Andrew Walker, BBC hit sharp economic deterioration exports in recession there is less demand abroad for decline imports reflects weakening sales overseas manufacturers | Latest stories 27 May, 2011 Destruction of smallpox virus delayed 25 May, 2011 Micro-finance 'misused and abused' 20 May, 2011 Lonely planets 18 May, 2011 Germany to invest in more electric cars 16 May, 2011 Argentina builds a tower of books Other Stories | |||||||||||