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
sharp economic deterioration
there is less demand abroad for
weakening sales overseas
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