Strong China trade data sparks cheers, doubts

Feb 12, 2014, 2:05 AM EST
This picture taken on July 30, 2013 shows containers waiting to be transported in Yangshan port in Shanghai, one of the districts that would be included into Shanghai's free trade zone.
AFP/Getty Images

China surprised markets with a thumping trade performance in January as import growth hit a six-month high, drawing some skepticism about the data but still allaying fears of a deepening economic malaise. Analysts who had expected the long Lunar New Year holiday to drag on January's trade warned that the figures may be inflated by fake trade transactions, where traders forge deals to sneak cash into the country past capital controls.
Strong China January trade data sparks cheers, doubts [Reuters]