Economics
China Exports Hold Up as Commodities, Base Effects Boost Imports
- Later start to Lunar New Year holidays may have distorted data
- External demand remains intact amid synchronized global growth
China's Trade Surplus Narrows on Surge in Imports
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China’s overseas shipments held up despite trade tensions with the U.S., while import growth surged reflecting calendar effects and higher commodity prices.
Exports rose 11.1 percent in January in dollar terms from a year earlier while imports increased 36.9 percent, leaving a $20.34 billion trade surplus, the customs administration said Thursday. Economists said the data may be distorted by a later Lunar New Year holiday compared with last year.