China's exports up 46% in Feb
Friday, March 12, 2010
The increase was higher than analysts' expectations of a rise of between 35 percent and 40 percent.It is likely to increase pressure on the Chinese government to raise the value of the yuan, which the US in particular complains is undervalued. China's imports also rose strongly, increasing by 44.7 percent last month.
The big growth in imports was helped by the government's economic stimulus spending. The rise in imports reduced China's trade surplus to a one-year low of $7.6bn (£5bn) for February. Beijing had kept the yuan at the same level against the US dollar for 18 months, to help its exporters.
A young man suspected of breaking into a car was seized by residents, severely assaulted, and died in the hospital within an hour. We unreservedly condemn this mob justice. It is not a solution to crime, but a criminal offence that turns citizens into murderers.Residents are understandably angry about theft. The person who raised the alarm at 4am acted lawfully, and the neighbours who rushed to help showed community spirit. But what followed was...