Asian Economy, Exports Continue To Decline

 

Recently economic recovery in USA is improved, yet it does not promote export in Asia. As per some authority analysis, Asian economy may be more tough due to more severe global monetary policy and more fund being withdrawed from new developing market.

 

According to the data of Reuters, in the second quarter of this year, export increase was paused in Asia (such as China, Japan, South Korea, Thailand, Singapore, etc.), especially for export to EU. Export from China to EU declined 8%, export from Japan to EU declined 20%, which is the seventh consecutive quarter of decline.

 

As per some authority analysis, the growth of Asian new developing market may be finished temporarily and a new significant adjustment will start. But it’s still very important to promote global economic growth in the long term . The new developing countries in Asia have large domestic market, which will promote global economy continuously. (from the website of China International Maritime)

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