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export products fell over 3 percent PDF Print E-mail
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Saturday, 29 November 2008 11:00

China must prepare for the challenges sure to be brought about by the global financial crisis, though the economy is generally in good shape, central bank governor Zhou Xiaochuan said on Sunday.

In the latest sign of weakening demand for Chinese products overseas, export deals struck at a recent trade fair in the market hub of Yiwu, Zhejiang province, fell over 3 percent from a year earlier, the official Xinhua news agency said.

In addition to increasing export tax rebates for many products and making it easier for people to get mortgages, the government has announced that it will spend 2 trillion yuan ($292 billion) on expanding its railways, greater than what it had previously committed.

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