Economics
China’s Soaring Exports Show Strong Demand a Year After Lockdown
- First 2 months’ trade figures well above economists’ forecasts
- While data distorted by low base, it also shows strong demand
WATCH: China’s exports surged 60.6% in dollar terms in the January-February period from a year earlier. Stephen Engle reports.
(Source: Bloomberg)This article is for subscribers only.
China’s exports surged in the first two months of the year, reflecting strong global demand for manufactured goods and with figures partly skewed by the low base in 2020 when the economy was in lockdown.
Exports jumped 60.6% in dollar terms in the January-February period from a year earlier, data from the General Administration of Customs showed Sunday, well above the 40% median estimate in a Bloomberg survey of economists. In February alone, exports more than doubled from last year.