China demand may not be as weak as Jan import slump suggests
Add BT as a preferred sourceSingapore
A SURPRISING plunge in China's imports shows that Asia's largest economy is still losing momentum despite a raft of stimulus measures, though global price moves and the impact of holidays may have overstated the extent of the downturn.
January imports tumbled 20 per cent from a year earlier, the steepest slide since May 2009 when factories slashed inventories in reaction to the global financial crisis. Exports were down an annual 3.3 per cent.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Lily Ler to step down as CEO of Mapletree Industrial Trust manager
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
