China Exports Rise at Fastest pace in a Year in March

April 13, 2016 Share Print 0

The trade picture in the world’s second-largest economy staged a turnaround in March, with exports rising at the fastest clip since last February, official data revealed on Wednesday.

Dollar-denominated exports rose 11.5 percent on-year, recovering from a 25.4 percent slump hit in February that marked a seven-year trough. Imports meanwhile fell an annual 13.8 percent, unchanged from February.

That left Beijing with a surplus of $29.86 billion for the month, compared with February’s $32.59 billion surplus.

CNBC

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.