13 Jan 2015
Strong Chinese trade data provides some momentum to growth – Investec
FXStreet (Barcelona) - The Investec Team note that better than anticipated Chinese exports at 9.7% and a strong surplus might provide some momentum to the struggling Chinese economy.
Key Quotes
“Overnight, Chinese exports grew faster than expected at 9.7% in December on the back of stronger overseas demand, showing some much needed momentum for the world's second-largest economy. Imports contracted 2.4% in December year on year, and that fall produced a narrower but still strong trade surplus. The December performance made exports one of 2014's few bright spots for China as economic growth slowed and the property market struggled.”
Key Quotes
“Overnight, Chinese exports grew faster than expected at 9.7% in December on the back of stronger overseas demand, showing some much needed momentum for the world's second-largest economy. Imports contracted 2.4% in December year on year, and that fall produced a narrower but still strong trade surplus. The December performance made exports one of 2014's few bright spots for China as economic growth slowed and the property market struggled.”