China's trade picks up, inflation eases
China's trade picked up and inflation eased in January as a shaky economic recovery gained traction.
Much of the change was due to the Lunar New Year holiday, which distorts China's economic data each year. But analysts said data reported Friday looked promising.
Export growth accelerated to 25 percent from the previous month's 14.1 percent as companies rushed to fill orders before shutting down for a holiday break of up to two weeks. Import growth accelerated to 28 percent, more than quadruple the previous month's 6 percent.
China's trade growth has rebounded in recent months in a sign of economic recovery but longer-term trade measures are likely to show lower growth than January's double-digit increase. Analysts say the recovery will be gradual and too weak to support a global rebound without improvement in the United States and Europe.
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