China’s exports increased 21.8 % year-on-year in February, while imports fell 15.2%, according to figures released Friday by the General Administration of Customs. Exports in February totaled 875.12 billion yuan (US $139.37 billion), while imports were valued at 778.97 billion yuan ( US $124.12 billion). The customs office also released combined trade figures for the first two months of the year, which showed that China’s total trade increased 14.2% over the same period last year. But Chinese exports crushed expectations again rising 21.8% on the year, against consensus for an 8.1% rise. The trade balance narrowed to US$15.25 billion, but was above expectations for a deficit of US $6.9 billion. Bank of America’s Ting Lu had predicted a 9.5% decline in exports because of the impact of the Chinese New Year. This differs significantly from the consensus view. Economists however consider this data with a pinch of salt because of distortions caused by the long holiday. Instead, the prefer to look at January-February data together.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor