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China, exports rise by 60.6%

2021-03-07T05:55:24.622Z


China recorded a trade surplus of $ 103.25 billion in January-February, rebounding from the combined 7.09 billion deficit of the first two months of 2020 - in the middle of the Covid crisis - and beating analysts' consensus of the positive balance of 60 million. .. (ANSA)


(ANSA) - BEIJING, 07 MAR - China records a trade surplus of 103.25 billion dollars in January-February, rebounding from the combined 7.09 billion deficit of the first two months of 2020 - in full Covid crisis - and beating the consensus of balance analysts positive of 60 billion.


   Exports grew for the eighth month in a row and soared by 60.6% annually - over 38.9% expected and accelerating from 18.1% in December -, with the improvement in global demand.

Imports rose - for the fifth consecutive month - by 22.2%.


   The growth in exports, according to what has been disseminated by Chinese Customs, is the largest in over two decades, driven by electronics products related to smart working (+ 54.1%) and textile-medical products (+ 50.2%) to combat the pandemic of the new coronavirus, such as face masks.

The latest customs data are in stark contrast to last year's decline of about 17% in exports and 4% in imports: in the first quarter of 2021, trade increased overall by 32.2% per year.

(HANDLE).


Source: ansa

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