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.
Unfortunately, petty thieves tend to be more vicious around this time as they also prepare for the festive season. Culturally, many Batswana go home for the holiday, and petty thieves are amongst those who go home. Burglaries, car break-ins, and attacks on unsuspecting pedestrians seem to be on the rise!That is not all, as scammers continue to take money from pensioners as well as other Batswana who may fall prey to their unscrupulous tactics....