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China’s Trade Data Eases Concerns

China’s trade surplus jumped to $31.9bn (£19.4bn) in January, easing concerns the world’s second-largest economy may be stuck in a slowdown.

The figure was up 14% from a year earlier and stronger than forecasts for a $23.7bn surplus.  Imports rose by 10% from a year earlier to $175.27bn – led by record shipments of crude oil, iron ore and copper.

Exports increased by 10.6% from a year earlier, far faster than analysts’ forecasts, to $207.13bn.  The positive trade figures also add to expectations China will overtake the US as the world’s largest trading nation this year.

BBC [1]

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