On the other hand, exports to US gave a poor performance largely due to subprime crisis and drooping growth rate in the third quarter of the last year. A negative growth of -7.79 percent was registered in the first two months of 2008 with integrated prices rising by 6.75 percent and export quantity falling by 13.62 percent. Export volume was down by 33.13 percent from the same period last year.
Moreover, Hong Kong being a significant transit station of China, also saw a drop of 27.5 percent in export volume during the first two months of 2008. Reasons for this again, can be attributed to recession in the US market.
Fibre2fashion News Desk - China
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-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
