China Data Shows Export on The Mends : RBS

        0309 GMT [Dow Jones] China's trade data shows an improvement in exports that should accelerate in coming months, RBS economist Louis Kuijs says. The headline figure showed a 0.9% rise in April from a year earlier, though the actual figure might be as high as 8% once overinvoicing a year ago is taken into account. Overinvoicing is a practice of faking export documents, allowing investors to bring money onshore and circumvent China's strict capital controls. Trade surplus -- $18.5 billion in April -- should widen further as the year goes on, driving renewed appreciation of the yuan, Mr. Kuijs adds. It's not clear what this means for authorities' efforts to stimulate the economy Mr. Kuijs says, and will depend on whether the government chooses to focus on the headline number or adjusts for last year's distorted data. (michael.arnold@wsj.com)
        (END) Dow Jones Newswires

        May 07, 2014 23:09 ET (03:09 GMT)