When the facts change I change my mind, what do you do sir
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China December Exports Trail Estimates As Import Gains Accelerate
China’s export growth trailed estimates in December while import gains beat projections, government data showed today. Overseas shipments rose 4.3 percent from a year earlier, the General Administration of Customs said today in Beijing. That compares with the median estimate for 5 percent growth from 39 economists surveyed by Bloomberg News. Imports (CNFRIMPY) increased 8.3 percent, leaving a narrower-than-projected trade surplus of $25.64 billion. The data help flesh out a picture of the world’s second-largest economy in the fourth quarter after previously reported declines in December manufacturing and services ... (full story)
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