China’s exports rise for the first time since nine months – Reuters Germany

Beijing / Shanghai / Berlin the first increase in Chinese exports since nine months leaves hope for a revival of the second largest economy in the world.

The exports grew in March by 11.5 percent compared to the previous month, as is apparent from the published statistics on Wednesday the customs authority. This was the strongest growth for more than a year. It was almost five times from as strong as expected by economists. In February, exports were still slumped by a quarter

On the stock markets made the news for buying mood. The German DAX index put in the morning by almost two percent. On the Tokyo Stock Exchange, the Nikkei index closed 2.8 percent even in the plus. The markets in Shanghai and Hong Kong-listed more than two percent higher. “The numbers reduce the acute threat potential of a hard landing in China and are a welcome mood for the international financial markets,” said NordLB analyst Frederik Kunze.

Many economists warn against excessive euphoria: The positive data are the result of special factors such as the weak comparison value last month and therefore not necessarily a signal for an increasing demand on the world markets. “The Chinese foreign trade will continue to improve,” said analyst Wang Tie Sho from Securities Dealers Industrial Securities. “But the recovery will not be dramatic, but the trends are not particularly well in major markets.”

The International Monetary Fund (IMF) lowered its forecast for world economic growth this year to 3, 2 percent in 2017 to 3.5 per cent – partly due to a weaker increase in economic output in the US and in the euro zone. Both regions are for the export champion of great importance. Experts therefore assume that China will continue to lose in this year momentum. 65 interviewed by Reuters Economists expect on average only a growth in GDP of 6.5 percent. That would be the smallest increase since 1990.

The fact that the situation remains complicated, the imports declined China occupy. This shrank in March to 7.6 percent. That signaled a still sluggish domestic demand, although the decline is not as strong as precipitated by most observers feared.

The Communist government in Beijing is targeting for 2016 a growth of GDP between 6.5 and 7.0 percent. 2015 had risen by 6.9 per cent even the economy. The government wants to ensure with government investment, tax reform and a loose monetary policy for pulses.