Strong data on exports Friday also caused some economists to push up forecasts.
Some analysts warned that despite the positive data, exports continue to be fragile as conditions in those markets have not improved substantially.
Their official data on exports show that low value added production accounts for a declining share of total exports, falling to below 50 percent since 2008.
However, Thursday's HSBC data showed exports had stabilised in January, with the export orders sub-index rising to 50.1 - indicating fractional expansion - up from 49.2 in December.
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China's data on exports have been under scrutiny since some analysts pointed out last year that they failed to match up with its trading partners' lower figures for their purchases of Chinese goods.
China's customs authorities provide data for its exports to North Korea through last November.
Germany's DAX 30 index rose 0.2% after data showing both exports and imports increased in March after declining in February.
Recent data on Chinese exports showed resiliency against a perceived slowdown, and even European goods will now become more competitive on the global market as the euro has declined in value precipitously of late.
The 2012 data show that slowing exports to G3 economies were offset in part by strong shipments to major emerging markets and commodity exporters.
Fresh EU economic data released overnight showed EU exports dropped by 0.9% in the fourth quarter, compared to the third quarter.
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According to the data, China's exports to the US increased at their fastest pace in three months, but those to the European Union fell by 10.7%.
Recent data showed that Japan's exports and industrial output both slumped in July.
Customs data issued on Saturday showed that exports grew 9.9% year-on-year, a big jump on the 2.7% growth recorded in August.
Other official data pointing to a recovery includes an acceleration in exports, retail sales and industrial production.
All three indexes closed up Friday as economic data pointed to improvements in U.S. exports and consumer confidence.
In the last three weeks, data has shown strength in jobs, wages, exports, consumer confidence, housing and orders.
Lucas said the markets were probably overreacting to the China growth news, but it creates a disquieting picture when coupled with last week's trade data showing some weakness in the country's exports.
Official Indian data show that in the first quarter of 2005, exports of textiles and clothing fell by an alarming 21%.
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The EIA in August started using recent monthly data from the Census Bureau, which showed much higher exports and more realistic demand numbers.
But in recent weeks a rash of new data has pointed to a sharp downturn in orders and exports that has shaken German complacency.
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Data released earlier this month, showed that China's exports jumped 21.8% from a year earlier, boosted by strong demand from the US and South East Asia.
Production was up 9% and exports 8%, despite the fact that separate data on Wednesday showed car sales in the EU hit a 17-year low last year.
BBC: UK car exports hit record despite European market slump
According to data supplied by Bangladesh's Export Promotion Bureau, garment exports grew by more than 10% in the first eight months of the fiscal year ending in June, helped by diversification into emerging markets.
Things may even be looking up: new government data on Monday showed a larger than expected jump in German exports last month, lending support to the notion that a recovery in world trade is already helping revive the country's economy and labor force.
Overall Japanese exports fell the most in six months in July, data from the finance ministry showed last week.
Imports have also contracted at an even faster pace than exports, down 43%, the biggest fall since data began being collected in 1995.
Having hit lows of 429 thousand tons, exports decreased to only 14% of production, according to data from the Ministry of Agriculture.
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Those who doubt that China is making the transition to an economy that is led by domestic consumption, rather than exports and government spending, should look closely at the recent data.
The most recent data finds copyright industries outpacing aircraft, auto, food, and pharmaceuticals in sales and exports.
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