China's Surprisingly Healthy Trade NumbersBy
There was some good news for the global economy today, with China reporting surprisingly strong trade numbers. Both exports and imports rose more than most economists had expected, the Chinese government reported. The world bought 5.1 percent more Made in China products than a year earlier, much better than the median estimate for export growth of 2 percent. And Chinese are buying more from the rest of the world: After two months of negative growth, imports rebounded sharply, up 10.9 percent.
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