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Chinese lead way with good signals from Asia

Chinese exports rose 7.5 per cent last month from May as Asia's second-largest economy generated its highest monthly shipments this year.

Similar signals emerged yesterday in month-on-month figures from South Korea, Japan, India and the Philippines, although, on a year-on-year basis, the data were uniformly negative.

Wen Jiabao, China's premier, was quoted in a government statement as saying: "An improvement in the economy does not mean the difficult period is over."

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