China’s exports exceeded forecasts in February, an indication that improving global demand may help to sustain the rebound in the world’s second-biggest economy.
Overseas shipments increased 21.8 percent from a year earlier, the customs administration said on its website today, in a month that had four fewer working days than last year. The number compares with the 8.1 percent median estimate in a Bloomberg News survey. Imports fell a more-than-estimated 15.2 percent, leaving a trade surplus of $15.25 billion.
Import growth lagged behind exports in the year’s first two months, adding to concern that domestic demand is failing to pick up. The new leadership set to take the helm at the National People’s Congress meeting ending March 17 is trying to sustain a rebound from the slowest expansion in 13 years while limiting shadow-banking risks and reining in property speculation.
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