China’s main stock benchmarks rise on trade data

<p>China’s stock benchmarks have rallied on positive trade data.</p>

China's major stock indices have gained ground today (January 10th) after the Asian nation released a positive trade report.

This is the latest flush of impressive data to come from the world's number two economy, which had until lately been considered to be suffering due to a slowdown.

As such, China's key export market is in good health, rising by 14.1 per cent in December compared to the same month in 2011. This is compared to analysts' predictions of four per cent.

Furthermore, imports climbed by six per cent, indicating robust domestic demand.

This follows a manufacturing activity rise in China in December – the third consecutive month of growth for the sector – while the services sector grew at its fastest pace in four months over the 31-day period.

At close of play in Shanghai today, the SSE Composite rose by 0.3 per cent to 2283.6 points, while the Hong Kong Hang Seng rallied by 0.5 per cent to 23354.3 points.

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