The Conference Board Leading Indicators for China were out today and the news is a rising trend. There is also this from the good news media:
China’s trade ministry sought to dispel worries about slowing economic growth on Tuesday by saying exports are likely to pick up in coming months and the country can meet its 10 per cent exports growth target for 2012.
Shen Danyang, a spokesman at China’s Commerce Ministry, said anecdotal evidence suggested Chinese export and import growth in looked as good in June as it did in May, when trade shipments were more than double market forecasts.
Which adds to the evidence presented yesterday that Chinese outbound shipping rates are showing strength.
