10 November 2010 04:32 [Source: ICIS news]
The growth in exports was 2.2 percentage points lower than September’s numbers, while the pace of imports accelerated 1.2 percentage points in October compared with the previous month, based on China Customs data.
“The slipping exports growth indicated there is still some trouble in the economic recovery of developed countries,” said Cai Xiao, a Beijing-based analyst from brokerage Hong Yuan Securities.
The stronger growth in imports last month was partly attributed to the global increase in commodity prices, Cai said.
In the first 10 months of 2010,
($1 = €0.72)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections