It seems that there is little sunshine over China as country’s trade growth substantially improved in April, topping analysts’ estimates. Indeed, China surprised with its figures on exports and imports as they climbed more than initially estimated. Recent data will certainly assuage some concerns over weakness in the economic recovery of China, but many questions and worries have not been resolved yet.
Official data showed that China enjoyed strong exports in February, highlighting signs that the economy was deliberately rebounding. Yet, China’s imports were weak, missing analysts’ expectations. The surprisingly good results of China’s exports were driven by improving global demand. In addition, data on China’s exports was higher-than-expected, leaving some analysts baffled as they had estimated that the economy would see a trade deficit due to the timing of Lunar New Year holiday.
Not so long time ago (relatively), a phrase “The King is dead, long live the King” was commonly used. And even these days, it can be used in case of China. According to comparative data, China overtook the United States and gained the title of the world’s largest trading nation in 2012, taking into account imports and exports.
Official data showed that China saw its exports and imports climb in January. As it has been underlined by analysts, the strong figures were mainly driven by the timing of the Lunar New Year holiday. Nonetheless, the jump in exports and imports suggests that the China’s economy is rebounding from the slowdown.
Latest data showed that China’s exports in December topped analysts’ estimates, climbing more than 14 percent. The larger-than-expected jump in China’s exports raises hopes that the new leaders will be able to sustain the increase following several quarters of visible slowdown. Analysts have welcomed the results despite the fact that the recovery of the world’s second economy is still uncertain.
China’s exports increased in November slower than initially estimated, with growth in imports dropping to zero, the government said on the 10th of December. Data is certainly a cold shower after weekend results which suggested that the world’s second economy is recovering from a slowdown.