China`s export prowess confirmed

source: Mmegi

China’s exports and imports grew substantially in January year on year. This suggested that global demand for Chinese made goods is continuing and Chinese consumers are spending too.

The figures for January were slightly lower than in December but analysts say they show the country’s trade with the rest of the world has stabilised.

The data came a day after figures from Germany confirmed that China had overtaken it to become the world’s largest exporter last year.

January’s exports from China were up 21 percent. Imports rose by almost 86 percent.

The totals were boosted by the comparison with a period a year ago when many factories had closed for Chinese New Year. This year the holiday falls in [continue reading]

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