Monday, 17 February 2014

WSJ: China January Trade Data Accurate, Ministry Says

        The Wall Street Journal reports,"China's higher-than-expected January export data weren't inflated, the Ministry of Commerce said on Tuesday".
"Worries the monthly figures were distorted by arbitrage-driven false reporting are "speculation and groundless," ministry spokesman Shen Danyang said at a news briefing".
"Overall the trade figures are reasonable," Mr. Shen said.
"Exports of important products including cars and consumer goods made good gains in large markets, he said.
Exports unexpectedly jumped 10.6% on year in January—higher than 4.3% growth in December, official customs data show.
Growth was ahead of a median 0.1% rise forecast by economists polled by The Wall Street Journal. Strong exports in January last year would make this year's growth." 

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