Chinese markets boosted by stronger economic data

Chinese markets boosted by stronger economic data

Worries over China have been soothed by better-than-expected export figures from the country, which rose 2.3 percent on a year ago in yuan-denominated terms.

China has affected investor sentiment with a spate of disappointing economic figures, but the markets were calmer today – these export figures were the first increase since June last year. Forecasts were predicting a 4.1 percent fall, but it seems that a weakening currency may have boosted the lagging sector.

Imports also beat expectations, falling by just 4 percent –  better than the 7.9 percent drop expected by analysts.

13/01/2016