China's exports 14.1% in December

China exports

China posted better-than-expected exports last month cashing on the festive season.

Exports, a key driver of expansion, rose 14.1 in December from a year earlier beating the four per cent figure forecast by analysts.

Imports also rose, climbing six per cent and indicating stronger domestic demand.

"The export data especially is a very good news as it shows that external demand for Chinese products is picking up," Dariusz Kowalczyk, a senior economist at Credit Agricole-CIB in Hong Kong, told the BBC.

"A slowdown in global demand had been one of the biggest concerns for China, and this does help alleviate some of those fears," he said.

Due to downturn in exports, China's GDP has registered 7.4 per cent in July-September period missing, the official target of 7.5 per cent.

China's exports always performed well during the December as the country supplies all most festive materials for Christmas and New Year to the entire world.

Meanwhile China's foreign trade growth missed the government's 10-per cent annual target set for 2012 by rising only 6.2 per cent from 2011, official figures released today said.

The country's exports and imports volume totalled USD 3.87 trillion last year, and growth slowed sharply from the 22.5-per cent rise registered in 2011, Zheng Yuesheng, General Administration of Customs spokesman said.

Exports rose 7.9 per cent in 2012 from the previous year while imports increased 4.3 per cent year on year, Zheng told the media.

Foreign trade surplus widened to USD 231.1 billion last year, 48.1 per cent more than the level recorded in 2011.

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