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MENAFN - ProactiveInvestors - Australia - 10/02/2013

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(MENAFN - ProactiveInvestors - Australia) China's trade data for January thrashed forecasts to underscore a recovery trend.

China's exports grew 25.0 percent in January from a year ago, beating expectations of a 17.5 percent rise.

Imports climbed 28.8 percent for the month, above expectations of a 23.5 percent rise. This is the strongest trade performance since April 2011.

Economic conditions are clearly improving and the trade data confirms the continuation of a recovery trend.

This follows improved retail, production and investment flows that show the economy bottomed out in the third quarter last year.

Chinese New Year effect

A point to note is the data could be distorted by the Lunar New Year holidays as there are 22 working days in January this year versus 17 days in January last year.

A better read is likely to be two to three months of trade data.

 






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