- China’s foreign exchange reserves were more than 1.43 trillion dollars at the end of September, the country’s central bank said. That’s an increase of 45.1 percent from a year earlier. The country’s trade surplus for the first nine month was $185.7 billion, already more than in all of 2006.
- Hong Kong’s Q3 unemployment rate fell 0.1 percent from Q2 to 4.1 percent, a drop of 0.6 percent from the same quarter in 2006 and the lowest level in nine years. A government spokesman said sustained economic growth offset summer workers returning to school for the new academic year.
- Japan’s August jobless rate increased 0.2 percent from the previous month to 3.8 percent, a decline of 0.3 percent compared to the same month in 2006.
- Australia’s September jobless rate dropped 0.1 percent from the previous month to 4.2 percent, a decline of 0.5 percent from the same month a year earlier.
- China’s Q3 GDP grew 11.5 percent on an annual basis. While the total exceeded China’s forecast of 8 percent and kept the country on track for its fifth-straight year of doubledigit growth, it was down slightly from 11.9 percent in the second quarter, primarily because of export reduction.
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