GCTL8.com (FocusAsia Media Ltd)

BEIJING, Nov 11 (FAM) – China’s exports in October decreased by 7.3 per cent compared to the same month a year earlier, while imports fell by 1.4 per cent, according to government data, sparking fears that a broader recovery seen in recent months could lose momentum.

While recent data had suggested the world’s second-largest economy was steadying, analysts have warned that a property boom which has generated a significant share of the growth may be peaking, weakening demand for building materials from cement to steel, reported Reuters. Indeed, China’s imports of iron ore, crude oil, coal and copper all declined in October, after its robust demand pushed up global prices of many major commodities this year.

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