- The #1 Source For All Your Forex Needs

6/11/2010 News

Chinese Exports Grow by 50%, Workers Get Wage Hike

On Thursday, China reported that its exports grew by 50%, quite a high number for export increase by percentage. Property prices also increased by more than 10% in many of China's big cities. Signs that the Chinese economy is indeed growing at a rapid rate is a very positive sign for the international economy as a whole, as this indicates that countries such as the United States, those in Europe & many others are getting these imports.

Wage increases are also being seen throughout China, & not just in the big cities. Many provinces are raising their minimum wage by as much as 16%.

This oil spill will be a test not only of BP's capabilities but also of their integrity of the company, let's hope they pass it. Anything less could mean severe affects on the United States' economy. News & Headlines