Saturday, 9 February 2013

Some good news from China

China trade, loan surge boosts economy, inflation lurks | Reuters: "China's exports and imports surged and new lending soared in January as the first hard data of the year signaled not only a solid recovery in domestic and overseas demand, but also the risk that inflationary pressures are building. Exports grew 25 percent from a year earlier versus a forecast of 17 percent in a Reuters poll. Imports surged 28.8 percent to comfortably beat a consensus call of 23.3 percent and the resulting $29.2 billion trade surplus topped a market expectation of $22 billion. New lending by China's banks in January beat expectations at 1.07 trillion yuan ($172 billion) and more than doubled from December. Total social financing - a broad measure of liquidity in the economy - leapt to 2.54 trillion yuan, well ahead of December's 1.63 trillion yuan."

'via Blog this'
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