Chinese exports soared beyond forecasts to rise by a fifth in February from the level of a year ago, data from China’s General Administration of Customs showed Friday, a sign that the country’s modest economic revival is intact and a suggestion that global demand might also be on the mend.
Chinese imports, however, were surprisingly weak, falling 15.2 percent from a year earlier to a 13-month low, the customs data showed.
Exports rose 21.8 percent in February from a year earlier. A Reuters poll of 22 economists had forecast that February exports would grow 10.1 percent, while imports would fall 8.8 percent. Export growth to the United States was the strongest in a year, and export growth to the euro zone the strongest in 18 months.
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Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/1sHUPOast1Y/
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