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Chinese shares fall 2.4% despite better than expected trade data

Discussion in 'Market News' started by Lily, Jan 13, 2016.

  1. Lily

    Lily Forum Member

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    Some economists argue that the figures show trade with China is beginning to stabilise after a year of contraction

    China’s stock market fell more than 2% on Wednesday after officials played down the significance of better than expected trade figures for December, saying exports could sink further before they find a floor.

    China’s trade volume fell 7% in 2015 compared with the previous year, Chinese customs said, as slowing growth in the world’s second-largest economy and plunging commodity prices took their toll.

    Related: Chinese stocks fall despite trade data relief – business live

    Related: The perils of China's currency devaluation

    Related: China sees 'many challenges' in 2016 as trade slumps on weak external demand

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