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In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 11 February 2014 [View all]xchrom
(108,903 posts)17. CHINA'S TRADE GROWTH ACCELERATES IN JANUARY
http://hosted.ap.org/dynamic/stories/A/AS_CHINA_TRADE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-02-11-23-50-23
BEIJING (AP) -- China's trade growth accelerated in January, possibly helping to ease fears about a slowdown in the world's second-largest economy that could dent global demand.
Imports rose 10 percent to $107.2 billion, up from January's 8.3 percent growth, trade data showed Wednesday. Exports rose 10.6 percent to $126.7 billion, more than double the previous month's 4.3 percent expansion.
Growth was "much stronger than we had expected," said RBS economist Louis Kuijs in a report. "This should make markets more relaxed about both global demand and demand in China's own economy."
Last year's economic growth of 7.7 percent was stronger than the United States, Japan or Europe but tied 2012 for China's weakest annual performance since 1999.
BEIJING (AP) -- China's trade growth accelerated in January, possibly helping to ease fears about a slowdown in the world's second-largest economy that could dent global demand.
Imports rose 10 percent to $107.2 billion, up from January's 8.3 percent growth, trade data showed Wednesday. Exports rose 10.6 percent to $126.7 billion, more than double the previous month's 4.3 percent expansion.
Growth was "much stronger than we had expected," said RBS economist Louis Kuijs in a report. "This should make markets more relaxed about both global demand and demand in China's own economy."
Last year's economic growth of 7.7 percent was stronger than the United States, Japan or Europe but tied 2012 for China's weakest annual performance since 1999.
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