China Exports Grow 26.7% Despite Weaker Demand, Storm

[Omaha Steve]

Source: Wall Street Journal

BEIJING -- An acceleration of China's export growth in January will likely bolster the case for Beijing to continue its tight monetary policy.

Economists said the trade data and rebounding money-supply growth in January will encourage China's government to continue trying to curb inflation and economic overheating, instead of easing policy to cushion the nation from the impact of a slowing U.S. economy.

China's exports in January grew 26.7% from a year earlier, higher than December's 21.7% rise and the average forecast for an 18.5% gain in a poll of eight economists by Dow Jones Newswires, data issued Friday by the General Administration of Customs showed.

The pickup confounds expectations that export growth would slow as global demand for China-made goods weakened and snow storms battered many parts of China last month, shutting down factories and roads. Still, the January numbers typically are an imperfect barometer because of seasonal distortions caused by China's Lunar New Year holiday.


Read more: http://online.wsj.com/article/SB120307574154971363.html?mod=googlenews_wsj

[smiley_glad_hands]

1. They go up, we go down. Thanx W. eom

[physioex]

2. Great more crap from China....

I actually rememeber the 80's when we had a huge trade deficit with Japan. But the stuff we were importing were actually of high quality like the cars and television atleast you felt you got your money's worth. The crap they sell from China barely lasts a couple of weeks before it goes bad. I am sure more consumers would be willing to pay more for higher quality items than all the low quality items we get.