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Premier Wen Jiabao posts

China's Imports and Exports Surge, Helping to Fuel Global Recovery

Posted Jan 11th 2010 8:45AM by Connie Madon (RSS feed)
Filed under: International Markets, China, Commodities

Fueled by a $586 billion stimulus package, Chinese exports rose in December for the first time in 14 months, while imports surged to a record 55.9%.

Here are the numbers:

Exports rose $130.7 billion, while imports rose $112.3 billion.
The trade surplus was $18.4 billion.
For the full year, Chinese exports fell 16% and imports were down 11.2%.
China reported the first decline in oversees shipments in 25 years.

Continue reading China's Imports and Exports Surge, Helping to Fuel Global Recovery

China gives U.S. Treasuries a vote of no-confidence?

Posted Mar 13th 2009 12:00PM by Mark Fightmaster (RSS feed)
Filed under: International Markets, China, Financial Crisis

Earlier today, China's premier expressed concern about its sizable holdings of Treasuries and U.S. debt. Premier Wen Jiabao asked America to safeguard the value of Treasuries, noting that China is ready to expand its stimulus if the economy gets worse.

According to Wen, China is the biggest foreign creditor to the U.S. -- causing the Premier to ask the U.S. to make sure that its response to the current economic environment doesn't harm the value of the Chinese holdings.