Strong import growth

China's strong import growth in March is a clear reflection of its stable domestic demand and continued economic recovery, which is especially comforting given the cloudy international scenario.

Official data show that imports increased by a surprising 14.1 percent in March, which shows the country has kept its word that it would expand imports to help rebalance the world economy. The growth is well above market forecasts and much higher than that for the first two months combined, which was 5 percent.

Raw materials have been the main driver of the exceptional growth in imports, indicating that the domestic economy is on the track of recovery.