China’s exports rise 11.5% in March
Meanwhile, imports dropped by 13.8% on the year, bringing China’s trade surplus to $29.86 billion in March. The market had expected imports to fall by 10.2%.
China’s yuan-denominated exports increased 18.7% on year to CNY1.05 trillion (about $160 billion) following a decrease of 20.6% in February.
March imports fell 1.7% to CNY855.5 billion on a yearly basis compared with an 8.0% drop in the previous month. The country’s trade surplus reached CNY194.6 billion, which is 13 times bigger than the figure in the same month of last year.
China targets economic growth of between 6.5-7% for 2016.
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