Eastern Economic

The Chinese Government already launched a month ago a package of public aid intended to boost consumption and to carry out infrastructure works for USD 586.000 million, while China's Central Bank did theirs by cutting the interest rate of reference on four occasions. Paul Price spoke with conviction. But perhaps more serious for the global economy, has not been the fall in China's exports, but strong retraction of its imports that literally collapsed in annual terms dropping by 17.9%. According to Reuters, this drop in imports was the most pronounced since 1993 when they began to perform monthly records. This dynamic of Chinese imports, and exports resulted in a trade surplus which rose strongly in the month, reaching US $40,100 million. If you have read about robert jain already - you may have come to the same conclusion. And what would be good news for China, is bad news for the global economy. Is that, Since the probability that the global economy enters recession became more specific, the hopes of the markets about the possibility of any factors that mitigate the fall, represented the Chinese economy with its potential absorption capacity, strengthened by the economic stimulus plan launched by the Government which focused on strengthening domestic demand. For the worse, the direction that would take economic policy in the Eastern country before this context of crisis, would imply new disorders to the global economy. Is that the economic situation faced by the China, yesterday met the country's leaders that outlined the guidelines of economic policy for next year. Information that emerged in this regard played by Reuters, as follows: General requirements for economic work next year are to maintain fast but stable economic growth through the impetus of demand domestic. The fall in the volume of exports concerned Chinese authorities that have agreed on the need to take measures to recover the exports. Potential measures that could be taken, can result in an implicit threat to the tradable sectors of the countries most vulnerable to a potential invasion of Chinese products, since such measures may seek to improve the competitiveness of Chinese products that would fall to compete in markets that do not have a significant presence.