China’s exports declined at the slowest rate in nine months, helping government efforts to sustain the recovery of the domestic economy, Bloomberg reported. Shipments dropped 15.2% year-on-year in September against a 23.4% fall the previous month. September imports fell 3.5% year-on-year, the smallest decline since imports began to slide in November last year. Beijing’s $586 billion stimulus package and a massive surge in lending drove China’s rebound from the deepest economic slump in a decade to 7.9% growth in the second quarter.
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