Year-end Rush Spurs Mainland Exports

Mainland exports surged in December on a year-end rush on shipments and they are

Likely to get support from a gradual recovery in global economies this year.

 

Analysts expect external demand will probably improve mildly this year.  However, huge volatility in the country’s trade performance in recent months and persistent uncertainties in economic outlook in the West held them back from predicting a strong recovery.

 

Exports jumped 14.1% last month from a year earlier, a seven-month high.

 

As domestic demand picked up, imports also unexpectedly grew 6% after showing no gain in November.

 

For the full year, exports climbed 7.3% to USD2.05 trillion, still notably slower than the 20% growth in 2011.  Imports advanced 4.3% to USD1.82 trillion.

 

~ SCMP, January 11, 2013 ~

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