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Chinese exports rebound in December
Chinese export growth rebounded in December to a seven-month high, adding to optimism that the world’s second-largest economy is heading for a recovery.
Data this morning showed that the value of China’s exports rose by 14.1 per cent last month compared with the previous month, which was way beyond analysts’ expectations.
Imports grew by six per cent on the year last month, also beating market forecasts.
But December’s strong trade performance was not enough for China to meet its annual growth targets.
For 2012, China’s exports grew 7.9 per cent and imports were up 4.3 per cent, both well under their 10 per cent target.