Production Up, Price Down
China’s National Bureau of Statistics says that activity in factories and workshops increased by 16.1% in October compared to a year ago. That is the highest level of growth since March last year.
It seems domestic market is saturated and there are plenty of leftovers, China need to spur consumers to spend more to digest the over produced goods, which is the main reason of overboard price going down. But as the US economy’s recovering, the export quantity to US market will go up again.
So do you think this will influence the export price of China wholesale market?
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Patricia
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