China exporters face “very severe” Q1 2012: Commerce Ministry

15-Dec-2011

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Mr. Gao co-found and became the CFO at Oxstones Capital Management. Mr. Gao currently serves as a director of Livedeal (Nasdaq: LIVE) and has served as a member of the Audit Committee of Livedeal since January 2012. Prior to establishing Oxstones Capital Management, from June 2008 until July 2010, Mr. Gao was a product owner at Procter and Gamble for its consolidation system and was responsible for the Procter and Gamble’s financial report consolidation process. From May 2007 to May 2008, Mr. Gao was a financial analyst at the Internal Revenue Service’s CFO division. Mr. Gao has a dual major Bachelor of Science degree in Computer Science and Economics from University of Maryland, and an M.B.A. specializing in finance and accounting from Georgetown University’s McDonough School of Business.







BEIJING (Reuters) – China’s exporters will face “very severe” conditions in the first quarter of 2012, the Commerce Ministry said on Thursday, with Europe’s debt crisis dragging on and dampening demand.

“The overall trade environment next year for China will be complicated, partly due to the economic uncertainties in the European countries, and I should say that the export situation in the first quarter of next year will be very severe,” Commerce Ministry spokesman Shen Danyang told a news conference.

Growth in Chinese exports and imports slowed in November, fresh evidence of faltering demand abroad and at home that is pushing Beijing towards a more explicit pro-growth policy stance, according to data published on December 10.

Customs data showed exports at their most sluggish in two years — stripping out the volatile month of February.

(Reporting by Aileen Wang and Nick Edwards; Editing by Ken Wills)


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