{"id":13691,"date":"2011-04-11T06:24:29","date_gmt":"2011-04-11T04:24:29","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/13691\/chinas-trade-data-signals-growth-not-hampered-by-elevated-commodity-prices\/"},"modified":"2011-04-11T06:24:29","modified_gmt":"2011-04-11T04:24:29","slug":"chinas-trade-data-signals-growth-not-hampered-by-elevated-commodity-prices","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/13691\/chinas-trade-data-signals-growth-not-hampered-by-elevated-commodity-prices\/","title":{"rendered":"China's Trade Data Signals Growth Not Hampered by Elevated Commodity Prices"},"content":{"rendered":"

Crude oil retreated after extending gains to the highest level since 2008. Yet, we believe this is a result of profit-taking, rather than any change in fundamentals and the macroeconomic backdrop. The front-month WTI crude contract soared t o as high as $113.46\/bbl before pulling back to $112.74\/bbl. The equivalent Brent crude contract edged to $127.02\/bbl after closing at $126.91\/bbl last Friday. The contract has now slipped to $125.90\/bbl. China recorded a small trade surplus in March with growth in exports unexpectedly outpacing growth in imports. In 1Q11, China recorded a deficit for the first time in 7 years due to robust imports and elevated commodity prices. The set of readings indicate China will need to tighten further to curb inflation.<\/p>\n

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\nChina's Trade Data Signals Growth Not Hampered by Elevated Commodity Prices<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Crude oil retreated after extending gains to the highest level since 2008. Yet, we believe this is a result of profit-taking, rather than any change in fundamentals and the macroeconomic backdrop. The front-month WTI crude contract soared t o as high as $113.46\/bbl before pulling back to $112.74\/bbl. The equivalent Brent crude contract edged to $127.02\/bbl after closing at $126.91\/bbl last Friday. The contract has now slipped to $125.90\/bbl. China recorded a small trade surplus in March with growth in exports unexpectedly outpacing growth in imports. In 1Q11, China recorded a deficit for the first time in 7 years due to robust imports and elevated commodity prices. The set of readings indicate China will need to tighten further to curb inflation. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13691","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=13691"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/13691\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=13691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=13691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=13691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}