Topic: Asian De Children slide v't Bank predicts growth in China's Q4 exports
Asian De Children slide v't Bank predicts growth in China's Q4 exports
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Asian Dev't Bank predicts growth in China's Q4 exportsPublished: 08 Oct 2009 01:19:19 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comPrimus Financial Holdings wins bid for AIG's Taiwan businessZTE says no interest in buying Nortel assetsNew World Department Store accelerates mainland expansionYum Brands profit in China up 32% in Q3China bolsters global luxury car market in Sep<P]Oct. 8, 2009 (China Knowledge) - The Asian Development Bank says China's exports are likely to return to growth in the fourth quarter. </P]<P]Favorable government stimulus policies such as export tax rebates have paved the way for a recovery, the bank said in a statement. </P]<P]China's export value has been falling since November last year. Exports were US$105.42 billion in July, down 23% year on year, and US$103.7 billion in August, down 23.4% year on year, according to statistics released by the General Administration of Customs.</P]<P]The Manila-based bank raised its forecast for China's economic growth this year to 8.2%, a sharp increase from the 7% it estimated in March, China Knowledge reported earlier.<BR]</P]
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