China trade data in surprise sign of strength
Published: 11th Jun 2012 03:04:05
China's export growth has increased while inflation has slowed, in a sign of strength in the world's second-biggest economy.
In May, exports jumped 15.3% from a year earlier, beating expectations. In April they were up by 4.9%.
However, industrial production and retail sales data continued to disappoint.
Analysts said while the trade data was a positive, Chinese authorities would continue measures to stimulate growth.
"The domestic economy is slowing quite substantially," said Alistair Thornton from IHS Global Insight in Beijing.
"That will feed through into imports over the next few months, so this is likely to be a bit of an aberration rather than a new normal".
He warned against reading too much into the monthly trade data, especially since other figures painted a much bleaker picture of the domestic economy.
Industrial output rose 9.6% in May from a year ago, which was below expectation.
Retail sales also came in below estimates, growing at their slowest pace since February 2011.
China's central bank cut interest rates on Thursday for the first time in more than three years in an effort to boost growth on worries of a slowdown.
"We had some pretty dismal data out yesterday, and it came off the back of an interest rate cut which really signals that policymakers are extremely concerned about the state of the economy," Mr Thornton said.
Consumer inflation in May slowed to 3%, the statistics bureau said. That is well below the government target of 4% for 2012.
Analysts said this would give policymakers room to further ease policy and spur growth.
At 00:46:27 in WorldGifts and payments to US doctors from drug firms are seen by some as encouraging unnecessary prescriptions. Do such transfers make any difference and will President Obama's healthcare reform help, by forcing companies to disclose them?
At 00:31:46 in ScotlandDid business expert Lord Digby Jones bite off more than he could chew when he tried to help out a Hawick textile factory?
At 00:29:23 in ScotlandA new exhibition explores the impact of of World War One on thousands of Scots, both in service and back home.
At 00:25:52 in ScotlandThe recent decline in shopper numbers in Scotland has slowed significantly, according to figures released by retailers.
At 00:22:14 in ScotlandThe funeral of a 12-year-old girl who died after a wall fell on her at an Edinburgh school is due to be held later.
At 00:20:50 in ScotlandHe's the Scot credited with helping to establish America's national parks. Now, more than a century later, John Muir is to be honoured at the opening of a long distance path which bears his name.
At 00:20:30 in WorldThe world's largest democratic event, with over 800 million eligible voters, is under way.
At 00:17:43 in ScotlandScotland's economic performance has returned to pre-recession levels, according to a report.
At 00:02:42 in BusinessThe world is addicted to hydrocarbons, and it's easy to see why - cheap, plentiful and easy to mine, they represent an abundant energy source to fuel industrial development the world over.
At 00:02:32 in BusinessThe idea struck Rajiv Singh during a business trip to Germany, when a man arrived with a document from an office on the other side of town.
Harvard CitationBBC News, 2012. China trade data in surprise sign of strength [Online] (Updated 11th Jun 2012)
Available at: http://www.ukwirednews.com/news/1433743/China-trade-data-in-surprise-sign-of-strength [Accessed 17th Apr 2014]
News In Other Categories
As Google continues to stoke excitement for its Glass smart-eyewear, a Japanese researcher has developed a radical alternative.
The man cleared of killing PC Keith Blakelock has said he would feel "angry and disappointed at the system" if he was a member of the police officer's family.
The remains of 19th Century country house that was gutted by a blaze more than 30 years ago has been hit by fire again.
Men prefer to watch film adaptations of books than read the original novel, according to a new study, which found the opposite is true for women.
Two men arrested after a security alert in County Tyrone on Tuesday have been charged.
Everton manager Roberto Martinez hinted that the pressure of sealing a top-four Premier League place affected his team as they lost at home to Crystal Palace.