Fears that flagging demand in the U.S. and Europe would weigh heavily on China's trade data...

|By:, SA News Editor

Fears that flagging demand in the U.S. and Europe would weigh heavily on China's trade data didn't play out, as exports grew 14.7% in April, helping the country swing to a surplus of $18.16B after posting a slight deficit in March. The data surprised analysts, even as some say the numbers may be inflated: "This probably reflects some overinvoicing [as] it was inconsistent with cargo volumes," one economist tells WSJ. Nevertheless, the data serves to buoy regional markets as the Nikkei (NKY) continues its ascent in Japan, rising 0.74% to yet another new five-year record high.