China's trade picks up, inflation eases
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 11:19 pm, Thursday, February 7, 2013
BEIJING (AP) — China's trade picked up and inflation eased in January as a shaky economic recovery gained traction. Export growth accelerated to 25 percent from the previous month's 14.1 percent as companies rushed to fill orders before shutting down for a holiday break of up to two weeks. Inflation eased to 2 percent in January from the previous month's 2.5 percent despite a 37 percent jump in vegetable prices after the coldest winter in seven years damaged crops, the National Bureau of Statistics reported. Pressure for prices to rise has increased in recent months, possibly constraining Beijing's ability to support the recovery if needed with more spending or interest rate cuts. Beijing is pinning its hopes for recovery on government-driven investment and domestic consumer spending. "A deceleration is likely by the end of the year if further stimulus measures are not forthcoming, which they probably won't because of latent inflation pressures," said Chan of Moody's. Reported by SeattlePI.com 10 hours ago.
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 11:19 pm, Thursday, February 7, 2013
BEIJING (AP) — China's trade picked up and inflation eased in January as a shaky economic recovery gained traction. Export growth accelerated to 25 percent from the previous month's 14.1 percent as companies rushed to fill orders before shutting down for a holiday break of up to two weeks. Inflation eased to 2 percent in January from the previous month's 2.5 percent despite a 37 percent jump in vegetable prices after the coldest winter in seven years damaged crops, the National Bureau of Statistics reported. Pressure for prices to rise has increased in recent months, possibly constraining Beijing's ability to support the recovery if needed with more spending or interest rate cuts. Beijing is pinning its hopes for recovery on government-driven investment and domestic consumer spending. "A deceleration is likely by the end of the year if further stimulus measures are not forthcoming, which they probably won't because of latent inflation pressures," said Chan of Moody's. Reported by SeattlePI.com 10 hours ago.