Chinese exports and imports rebounded strongly in December, pointing to solid economic growth both in China and abroad.
Exports rose 14.1 per cent from a year earlier, the fastest in seven months and well above November’s 2.9 per cent pace. Imports increased 6 per cent in December from a year earlier after flatlining in November. Both outstripped most forecasts.
China registered a $31.6bn trade surplus for the month, up from $19.6bn in November. For 2012 as a whole, China had a trade surplus of $231bn, more than 50 per cent larger than a year earlier, breaking a streak of three straight annual declines.
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