News Summary: China trade picks up, prices ease
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Source: Business News
Originally published: Feb 8, 2013 - 11:24 am
Originally published: Feb 8, 2013 - 11:24 am
(AP) - ECONOMY IMPROVES: China's trade picked up and inflation eased in January as a shaky economic recovery gained traction.
HOLIDAY EFFECT: Much of the change was due to the Lunar New Year holiday, which distorts China's economic data each year.
LOOKING FORWARD: Analysts said the January data still looked promising, but the trajectory of the recovery remains gradual and too weak to support a global rebound without improvement in the United States and Europe.
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