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Mar 08, 2013
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China February exports surge, supports recovery hopes
China's exports soared past forecasts to jump by a fifth in February from a year ago, a sign the country's modest economic revival is intact and suggesting global demand may also be on the mend.But underlining expectations that China's recovery is fragile and vulnerable to a wobbly world economy, Chinese imports were surprisingly weak, falling 15.2 percent from a year earlier to 13-month lows, customs data showed on Friday.And some analysts suggested exporters may have overstated their business to sneak funds into the country and avoid capital restrictions, an argument backed up by figures showing rising money inflows into China and weak trade reports elsewhere.Still, on balance, most analysts were upbeat about the figures, suggesting they indicated a modest pick up in economic growth in the fourth quarter of 2012 had extended into 2013.
Source -
http://uk.reuters.com
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