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On the other hand, the softer pace of export growth might stiffen the resolve of Beijing to resist pressures for a stronger renminbi.
The report from China also showed that its booming pace of export growth had begun to ease, as the global upheaval and a gradual rise in the value of the renminbi took their toll.
To maintain this years pace of export growth in Asia, other markets (chiefly Asia itself) would need to grow more than one-third faster than this year".
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The figures also showed that employment by manufacturers picked up even as the pace of exports slowed slightly.
The World Bank report predicts that the faltering pace of exports will shave nearly 1.0% from growth next year.
That, despite a recent study showing that, in fact, U.S. exports to countries with which we have NAFTA-style trade deals have grown at half the pace of exports to other countries.
The trade statistics showed the pace of Chinese export growth moderating from the previous month — though a rise of 34.4 percent from a year earlier was robust and in line with analysts' expectations.
And a worsening economic environment in Europe — the region is expected this year to experience its second recession in three years — is likely to slow the pace of Irish exports.
Paradoxically, trade agreements even seem to sabotage our own trade with foreign nations: according to an analysis by the group Public Citizen, in recent years our exports to nations we have free-trade agreements with have actually grown at less than half the pace of our exports to nations we don't have these agreements with.
Analysts said the United States had been on pace to export more than $3.5 billion worth of beef this year, 10percentt of the nation's production.
The pace of Japan's export growth started picking up in late last year, with exports in December rising 13 percent year-on-year following a 9 percent increase in the previous month.
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