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Chinese Economy Continues Its Recovery in December 2012

The Chinamacro-economic indicators for December 2012, released this month, point to a strengthening recovery in the Chinese economy, with rebound in exports and imports, strong industrial production, retail sales and real estate sector data. However, inflation for the month was above market expectations.
China’s GDP growth for the fourth quarter of 2012 was 7.9%YoY, higher than the Bloomberg median estimate of 7.8%YoY and 7.4%YoY growth witnessed in the third quarter of the year. The growth in GDP for the full year stands at 7.8%YoY. Industrial output rose 10.3%YoY in December, compared with 10.1%YoY in the previous month. This is the best data since March 2012, during which industrial production went up by 11.9%YoY. The growth in industrial output in 2012 is 10%YoY.
China’s exports rose 14.1%YoY in December, compared to 2.9%YoY in November. This is the best since May 2012 (15.3%YoY). Imports rose 6.0%YoY in December, compared to 0% growth …