China’s exports, imports increase in March
The country’ exports posted an annual increase of 16.4% in March after a fall of 1.3% in February and stood high above the expectations of a rise of 3.4%.
Chinese imports in March also climbed further by 20.3% year over year after an increase of 38.1% in February and beat the expectations of a rise of 15.5%.
The country’s exports in Q1 of 2017 were up by 14.8% while imports jumped by 31.1%, the data showed.
China’s trade surplus of $23.9 billion in March came higher than the expectations of $12.5 billion.
Economists say that the external demand has strengthened as was confirmed by the increase in exports, and that the jump in imports, which was driven by the country’s recent economic recovery, may be starting to slow down.
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