December’s Export Growth: Flattering To Deceive?

China’s exports picked up in December with surprising vigour, up 14.1% year-on-year, far outstripping expectations of 4% growth. That was the fastest pace of growth in seven months. It remains to be seen if it is indicative of a trend, or a one-off seasonal outlier. U.S. and European demand for Chinese goods remains subdued going into 2013. For the full year trade expanded by 6.2% overall, short of the government’s 10% growth target for 2012.

About these ads

Leave a comment

Filed under Trade

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s