China's trade surplus narrowed for a second month as export growth slowed, signaling that the fastest economic expansion in 13 years may have peaked.
The surplus for December shrank to $22.7 billion from $26.2 billion in November, the Chinese customs bureau said in a statement on its Web site today, lower than the $24.4 billion median estimate of economists surveyed by Bloomberg News.
Bottom line. Slower growth in the USA and Europe will be a drag for the emerging economies. Can their markets "decouple"? I doubt it.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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