China's exports and imports in January grew substantially by 21% and almost 86% respectively year-on-year, according to new official figures.
The exports surged for the second straight month, consolidating the turnaround that began in December. There is a slight fall in January export by 16.3% compared with December's figure.
It is believed that the big increase this year was due to the timing of the Chinese New Year holidays. Many factories had closed for the long public holiday in January last year, while the holiday falls on February this year.
While the data may have been distorted, analysts said that it confirmed China's recovery being on track.
Germany on Tuesday confirmed the crowning of China as the world export leader in 2009 with the release of its full-year figures.
Chinese manufacturers' profitability and inflation are the two major concerns that may affect the boom, according to some observers.
Reports this week have suggested that local governments of some Chinese provinces, where lots of exporters are based, were considering raising the minimum wages of workers, which could harm the profitability of manufacturers.
On the other hand, the pressure on inflation is high and has caught the attention of government officials.
|
| We are collecting readers' comment for improving our website. If you are willing to help, please CLICK HERE to complete a survey. Your comments matter. |
|
|
|
|
| Copyright © Adsale Publishing Limited. Any party needs to reprint any part of the content should get the written approval from Adsale Publishing Ltd and quote the source "ATA Journal for Asia on Textile & Apparel", Adsale Textile English Website - www.AdsaleATA.com. We reserve the right to take legal action against any party who reprints any part of this article without acknowledgement. For enquiry, please contact Editorial Department. |
Write a mail to the editor : 
