Asian exports to China soared at the end of last year, according to a slew of data released yesterday, suggesting that Chinese demand is emerging as a stronger than expected engine of economic recovery in the region.
The biggest jump came in South Korea, which said December exports to China jumped 94 per cent compared with the same month a year ago. Taiwan reported a 91.2 per cent jump in the value of shipments for December, and Malaysia said exports jumped 52.9 per cent in November from a year earlier.
The strong demand from China compared with generally falling exports to the US and Japan, although shipments to the European Union were generally higher. Malaysia said exports to the US fell by 13 per cent, and to Japan by nearly 30 per cent.
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