Export sales of several Chinese processors is down by about 30%- caused by evaporating orders due to the financial crisis as well as housing calamity in USA and Europe. Many players expect the going tto get tougher in the next quarter as concerns of job security in USA have deteriorated markets sentiments, shrinking consumer buying.
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Monday, November 10, 2008
Is the worse over for businesses in China, as export orders retreat by as much as 30%
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