Economics
The Global Economy Has China's Back as It Confronts Debt Demons
- Export data remained strong last month after bumper trade year
- Credit slowed in December, signaling progess in debt campaign
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China is now getting a little support from the global economy it helped to power in recent years.
Two major data points out of the world’s second-largest economy Friday underscored that China’s year of reckoning with debt and financial fragility poses hefty growth challenges. Handily, export demand from the rest of the world is continuing to keep the nation’s factories and ports whirring for now, as developed markets become more bullish about the outlook.