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ECONOMY
Weekly Watch> WEEKLY WATCH NO. 3, 2010> ECONOMY
UPDATED: January 15, 2010 NO. 3 JANUARY 21, 2010
Export Recovery
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China's exports in December 2009 soared 17.7 percent year on year to reach $130.73 billion, providing evidence that once fragile exporters are rapidly recouping their strength.

Imports in December hit a record high of $112.29 billion, representing an increase of 55.9 percent from a year ago, according to data from the Ministry of Commerce (MOFCOM). The import surge is widely considered a reflection of buoyant domestic demands and the effect of government stimulus measures.

Total exports in 2009 numbered $1.2 trillion yuan, down 16 percent year on year, according to MOFCOM.



 
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