China's export boom baffles, defies explanation: Goldman Sachs, UBS

UNEXPECTED data on China's exports shows a 14.1 per cent increase in November year on year, increasing 10 per cent more than forecast by analysts.

But the spike in Chinese exports, alongside a six per cent improvement in imports, has led to scepticism from some analysts at Goldman Sachs and UBS due to disparity in customs reports, and in overseas orders against manufacturing activity.

According to a senior economist at Credit Agricole-CIB the data confirms a rebound in China's economy due to a stronger than expected December manufacturing activity supported by its 7.4 per cent third quarter GDP jump, reports London's Containerisation International.