China Exports Show Sharp Fall

China exports in April were down by 22.6% from a year ago. This is the sixth successive month of decline but analysts are still optimistic that China will be the first country to come out of the recession.

Chinese factory owners are seeing little relief as most of their products are exported and the world right now is not buying.. Analysts had hoped the worst was over but the 22.6% was greater than expected.

For exporters the outlook remains uncertain but they are hoping that world economic conditions will improve in the second half of the year.

For those who are importers this is a good time to buy from China.. You are able to bargain for better prices as there is more supply now than six months ago. Also shipping costs are down inspite of increases in oil prices.. So while the world is in recession those that can buy will find they have greater bargaining powers.