Chinese exports power higher, inflation remains relatively tame.

China's exports climbed a greater-than-expected 12.7% on year in November and helped the country's trade surplus increase 8.7% on year to $33.8B, the highest level since January 2009. Meanwhile, inflation nudged down to 3% on year from 3.2% as a rise in food prices eased. The trade figures indicate that the global economy is beginning to tick along swimmingly, while the softening inflation could give China's central bank room to refrain from further tightening.