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China commodity imports show recovery on track

Posted on 13 December 2012

If anybody is worried by the seeming weakness of China’s November trade data, then the commodity numbers should help reinforce the view that the recovery in the world’s number two economy is on track. Exports rose a disappointing 2.9% in November, well down on October’s 11.6% gain, while imports were flat versus October’s 2.4% rise.
For exports, there was probably a tailing off because Christmas orders were likely shipped in the prior two months, and the ongoing drag from recession in Europe and sluggish recovery in the US also would have been a factor………………………………………..Full Article: Source


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VRS - who has written 39533 posts on Opalesque Commodities Briefing.


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