China reported today a whopping increase in its trade balance:
18.4B surplus (!) compared to 7.7B last period. Analysts were expecting an increase but only to around 13.9B.
Exports and Imports (YoY) are also up much higher than expected, indicating growing consumer demand.
It's no wonder they are buying so much offshore property and gold. At this rate, they will be the world's bankers before the decade is through.
Bookmarks