China’s exports down, imports up considerably in Feb
The country’ exports posted an annual decrease of 1.3% in February after a rise of 7.9% in January and stood high below the expectations of a rise of 12.3%.
Chinese imports in February, however, climbed considerably further by 38.1% year over year after an increase of 16.7% in January and beat the expectations of a rise of 20.3%
China posted a trade deficit of $9.15 billion in February, for the first time since 2014, when compared to a trade surplus of $51.35 billion in January.
Economists argue that the January and February data can be misleading because of the Chinese New Year Holiday started on January 28 when businesses slowed down and many firms were closed or decreased operations.
Analysts also claimed that February indicated a live economic activity.
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