China Trade Figures: “stun investors”

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Australian Press headline in response to those trade figures out of China:

Chinese trade figures stun investors

For the year, China’s trade surplus surged 48.1 per cent to $US231.1 billion. Exports from the world’s second-largest economy rose 7.9 per cent to $US2.05 trillion, while imports increased 4.3 per cent to $US1.82 trillion, the national customs bureau said.

 

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.

2013-01-10T02:50:35+0000

All|Asia Pacific

china economy

Eamonn Sheridan

3 Comments

  1. Data doesn’t make a whole lot of sense. I have not seen any detail yet but lets assume exports to EU grow 0 to -5%, to US 0 to +5%, then rest of world might have to grow 30% or more. Must be some seasonal fluctuation or “massaging” going on I suspect.

  2. Rubbery numbers are a farewell gift to Wen Jiabao …. making him look like a legend for running the whole shebang so well. If the world is in a slump – where are they exporting to …. which emerging economies are sucking in that much?

  3. Shouldn’t we also see a huge increase in imports for China’s major trading partners ie EU, US, etc. to confirm this data? You can’t export more unless someone import more…

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