Posts Tagged ‘China’
Chinese inflation rises for fourth consecutive month
Official data today revealed Chinese consumer prices reached a 16-month high last month – the fourth straight monthly rise.
The National Bureau of Statistics said consumer price inflation rose to 2.7% in February compared with a year earlier and up from 1.5% in January.
Analysts had expected a rate of 2.3%.
As a result, some economists believe the [...]
German exports slump in January
The Federal Statistics Office today announced a fall in German exports for the month of January, with the cold weather being attributed to the fall, according to analysts.
Exports in January fell by 6.3% on the month to €67.9 billion, while imports grew by 6% to €59.2 billion.
As a result, Germany’s trade surplus narrowed €8.7 billion [...]
Car production surges in South Korea
According to the Korea Automobile Manufacturers Association (KAMA), South Korea’s share of the global car market grew to an all-time high of 5.7% in 2009.
The KAMA said South Korea produced a total of 3.513 million vehicles last year – 5.7% of the 61.295 million total worldwide.
As a result, the country retained its ranking as the [...]
Taiwan and Thailand’s GDP surges due to demand from China
There was further evidence of Asia leading the global recovery today after Taiwan’s economy grew at an annualised rate of 18% in the final quarter of 2009.
The strong performance was fuelled by demand for hi-tech products from top buyer China and other key export markets in the region.
Last month, Taiwan exports experienced their strongest growth [...]