Credit crisis casts gloom over China's exporters

BEIJING - As they prepare for China's biggest export fair this week, managers at Shunde Xiongfeng Electric Industrial Co. are anxious. A slowdown in Chinese exports would ripple through the world economy as China imports fewer raw materials, half-finished goods for assembly and supplies, such as Australian iron ore or factory equipment from the United States, Europe and Japan.

Raw materials used for exports made up half of China's nearly US$1 trillion in imports last year. [More...]. Wed Oct 2008 03:10 (1 month, 1 week ago)
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