Friday, March 22, 2013
China export numbers overperformed market expectations
China's recent strong export numbers, which blew past market expectations. China's export data for February showed a 21.8 percent year on year spike, in contrast to analyst expectations of 10.1 percent. However, the reliability of this data has been questioned due to its inconsistency with neighboring countries' data including South Korea and Taiwan, among other things. Faber said he expected China's economic growth to be much lower in reality, and even hinted towards a recession in some sectors of the economy.
Posted by Biz TV