China’s exports and imports surged and new lending soared in January as the first hard data of the year signaled not only a solid recovery in domestic and overseas demand, but also the risk that inflationary pressures are building.
Exports grew 25 percent from a year earlier versus a forecast of 17 percent in a Reuters poll. Imports surged 28.8 percent to comfortably beat a consensus call of 23.3 percent and the resulting $29.2 billion trade surplus topped a market expectation of $22 billion.
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Nick Edwards, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/TumxGBbXGqg/
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