Thursday, March 12, 2009

Recession Slams Chinese Exports Again

From Business Week:

China exports dropped an "ugly" 25.7% in February after January's 17.5% fall.
The government is trying to boost domestic spending to alleviate the pain.


This is very bad news for the IE since all those imports used to come here. Our economic base (supply chain & logistics) for the most part starts overseas.

No comments: