Shock slump in Chinese imports
Tuesday 11 September 2012
China's economy showed more signs of wobbling today after a shock 2.6 per cent slump in imports last month.
The decline – which is bad news for Australia, Brazil and other countries that feed the Red Dragon's economic machine – comes after factory output hit a three-year low.
Beijing has cut interest rates twice since June.
China's premier, Hu Jintao, has promised to prop up the economy with a "proactive fiscal policy".
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