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China trade figures underline need for consumer stimulus

10 January 2012

Trade figures announced today underline the need in China for policies to stimulate consumer demand and spur exports. Growth in imports for domestic consumption halved to 13.5% in December YoY from November while imports for processing trade – mostly components destined for re-export – grew by 6.2% YoY, down from November’s 11% YoY rate. By contrast, import volumes of resources, including metal ores and oil, held up strongly during December.

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