Some analysts warned that the data may have been affected by so-called fake invoicing, where deals are forged in order to circumvent capital controls.
Stockpiling ahead of the Chinese
Stocks still performed well, however, partly boosted by the trade data. The Hong Kong Hang Seng Index climbed nearly 1.5 per cent to close at 22,285.79, while the
"It likely to keep growing at rates around seven to 7.5 per cent. Slower growth but increased reliance on consumption should be a benefit to the world economy."
Economic figures in recent weeks have pointed to less positive than expected growth in
Nonetheless, yesterday's numbers showed imports jumping 10 per cent in January compared to a year earlier, while exports shot up by 10.6 per cent.
Despite the higher imports - driven largely by record volumes of copper, iron ore, and crude oil -
"The numbers should probably be better taken with a pinch of salt," said
"On the surface they show
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