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December 11, 2009 – Comments (0)

Asian markets climb as China's exports improve - AP
AP reports world markets advanced Friday as a big improvement in China's exports pointed to rising global demand that could lift other trade-reliant economies. Benchmarks in Tokyo and Hong Kong led Asia's gains, snapping a string of losses that had reflected worries about shaky government finances in the West and a tepid economic recovery in the U.S. Providing reassurance for investors was news that China's November exports fell 1.2% from a year earlier in the smallest decline this year, as nascent recoveries in the U.S. and other big markets helped revive demand. It was an improvement from October when exports slid 13.8% and even bigger declines in previous months. Strong growth in Chinese industrial output and retail sales for the month also underlined that the recovery in the world's third-biggest economy is gathering momentum.

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