25 September 2018

China stands by January trade data, WSJ says

China’s Ministry of Commerce insists the higher-than-expected January export data was not inflated, the Wall Street Journal reported Tuesday. Exports of important products including cars and consumer goods made good gains in large markets, ministry spokesman Shen Danyang was quoted as saying at a news briefing. Shen dismissed worries that the figures were distorted by arbitrage-driven false reporting as “speculation and groundless”, addng that the numbers were reasonable. Exports unexpectedly jumped 10.6 percent year on year in January, higher than the 4.3 percent growth in December, the report said, citing official figures.

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