China’s February exports surge 44.5 percent
Mar 9, 2018-China’s February exports rose 44.5 percent from a year earlier, beating market expectations, while imports grew 6.3 percent, customs data showed on Thursday. That left the country with a trade surplus of $33.74 billion for the month. Analysts polled by Reuters had expected February shipments from the world’s largest exporter to have risen 13.6 percent, quickening from a 11.1 percent increase in the previous month. Import growth had been expected to slump to 9.7 percent, after a sharp rebound to 36.9 percent in January. The trade surplus had been tipped at $0.6 billion last month from January’s $20.35 billion. Analysts cautioned, however, that Chinese data is often highly volatile early in the year, due to massive business disruptions caused by the long Lunar New Year holidays.
Published: 09-03-2018 09:10