China’s overall fiscal position remains strong, but a slowdown in real estate translated into slower revenue growth. On the external front, merchandise exports growth was only 4.9 per cent in nominal terms, although import growth remained weak, reflecting weakening domestic demand and declining commodity prices, with nominal growth rate at 0.5 per cent in 2014. Net FDI stayed robust at $32.2 billion in Q4. Net non-FDI capital outflows reached an estimated $90 billion in Q2, and widened to $117 billion and $152 billion, in Q3 and Q4, respectively. (SH)

Fibre2fashion News Desk - India