While you were sleeping Chinese engine kicks into gear

Thu, 10 Jan 2013

By Margreet Dietz Jan 11 (BusinessDesk) - Wall Street advanced as better-than-expected exports data from China underpinned hope the world's second largest economy will help propel growth elsewhere. China's overseas shipments jumped 14.1 percent from a year earlier last month. That compared with the 5 percent median forecast in a Bloomberg News survey of 40 economists. And the US replaced the EU last year as China’s largest export market. The latest data on the US economy were promising. Though claims for unemployment benefits unexpectedly ro...

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