This article talks about the rise in Chinese exports to 21.8% from a
year earlier because of an increase in demand by the US and South East
Asia , while most analysts had expected to be at 15%. The level of imports fell to 15.2% from a year earlier. This could be because factories are shut for a number of days because of the lunar new year and therefore less raw material is imported.
Exports are a key factor in china's growth, The increase in level of exports in January and February certainly show signs of a recovery. These increase exports could also be because of lunar new year which makes the data skewed. To get a clear picture we need to combine the data of both years which show that exports could have been much more if factories were open for more days and that imports jumped to 5.1% compared to last year
http://www.bbc.co.uk/news/business-21710581
Exports are a key factor in china's growth, The increase in level of exports in January and February certainly show signs of a recovery. These increase exports could also be because of lunar new year which makes the data skewed. To get a clear picture we need to combine the data of both years which show that exports could have been much more if factories were open for more days and that imports jumped to 5.1% compared to last year
http://www.bbc.co.uk/news/business-21710581
No comments:
Post a Comment