China Exports Surge 48.3%, Beating Economists’ Estimates
From bloomberg.com
China’s exports rose more than expected in February, amid a recovery in the U.S. economy, the Asian country’s largest trade partner. Exports gained 48.3 percent from a year earlier, the customs administration said in Beijing on Sunday. That compared with the median estimate for a 14 percent jump in a Bloomberg survey of analysts. Imports slid 20.5 percent, leaving a trade surplus of $60.62 billion. The numbers follow Premier Li Keqiang’s announcement on Thursday of a 7 percent economic growth target for China, the lowest set in more than 15 years. Li in his work report delivered to the National People’s Congress also ...
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