Results tagged “exports”

Danwei directed us to the embedded six-month old video of a short local NBC News piece on a Chinese-made three-wheel "car" available from a dealer in Webster, New York (it's actually available in several places in the U.S., like Michigan). The Webster dealer (we think this is his MySpace page ... yes, MySpace) claims women love the Wildfire WF650-C. The jury is still out on that one.

The latest projection from the World Bank's Beijing office has some bad news: China's GDP growth may slow down to 7.5% in 2009, the lowest in 19 years. Given China's position as the world's manufacturing powerhouse and weakness in the global economy, net export growth is set to slow down from 11% this year to 3.5% next year. With overall imports substantially outpacing exports, this would be the "first time in many years that net external trade has made a negative contribution to growth". [Reuters]