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China reports solid trade data
China has reported better-than-expected exports and imports in January, pointing to a rebound in external and domestic demand, according to official data out this morning.
Exports expanded 25 per cent from a year earlier, while imports surged 28.8 per cent, indicating a healthy uptick in demand.
Other data showed that headline inflationary pressure was subdued. Consumer prices rose two per cent in January from a year earlier, bang in line with expectations and down from a seven-month high of 2.5 per cent in December.
China’s economy expanded at the slowest annual pace since 1999 last year, growing 7.8 per cent.