Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

RPT-Chinese Nov exports may have fallen-c.bank adviser

Published 12/08/2008, 09:31 PM
Updated 12/08/2008, 09:35 PM

(Repeats for wider distribution)

BEIJING, Dec 9 (Reuters) - Chinese exports may have fallen in November from a year earlier and growth in industrial production could have slowed to around 5 percent, Fan Gang, an adviser to the People's Bank of China, said on Tuesday.

Fan told a financial conference that the yuan's rising trend was intact despite a modest depreciation in the currency last week against the dollar.

If China had bowed to overseas pressure three years ago and sharply revalued the yuan , the result today would have been a steep drop in the currency and big trouble for the Chinese economy, Fan said. (Reporting by Zhou Xin; Writing by Alan Wheatley; Editing by Jonathan Hopfner)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.