Rise in China’s exports and imports exceeds expectations in Jan
Chinese imports in January also climbed considerably by 16.7% year over year after an increase of 3.1% in December and beat the expectations of a rise of 10%
China posted a trade surplus of $51.35 billion in January when compared to $40.71 billion in December. The trade surplus for the month was estimated to stand at $48.5 million.
Economists argue that the improvement in the country’s exports and imports were driven by the revival in global manufacturing, strengthening of China’s economy and the rebound in global commodity prices. They also expect the positive outlook to persist in the short-term.
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