China defends export data after economists’ scepticism

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China has hit back at claims that its export data fails to show a true picture of the market (see our post yesterday.) News that the country saw a 14.1% rise in exports, year-on-year, in December, came as something of a surprise to both banks and logistics providers. But Chinese officials claim that the figures were properly documented and that the rise could be attributed to a flurry of shipments which saw exports sent through before inspection fees were reinstated at the end of the month.