Rise in Trade Shows China on Rebound

By Wassener, Bettina | International Herald Tribune, January 11, 2013 | Go to article overview

Rise in Trade Shows China on Rebound


Wassener, Bettina, International Herald Tribune


Chinese exports in December grew at the fastest pace since May, raising hopes of a firmer rebound in trade.

Exports from China grew at their fastest clip in more than half a year in December, underpinning hopes that global trade might be stabilizing, and offering some good news for the Chinese economy as it struggled to regain momentum.

Trade data can be volatile and subject to seasonal factors that skew numbers from one month to the next, analysts cautioned, but the 14.1 percent jump in exports last month from a year earlier topped expectations by a wide margin and was a clear positive signal for the Chinese economy, the world's second-largest after that of the United States.

Imports also topped forecasts, with an increase of 6 percent.

"The numbers were a very pleasant surprise," Yao Wei, a China economist at Societe Generale in Hong Kong, said after the data were released Thursday. She added that the export performance over the past three months as a whole, while not excellent, showed that external demand was "on an upward trend."

The jump in exports in December was the fastest expansion since May. Exports had edged up just 2.9 percent in November, and climbed 11. …

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