China Exports & Imports Growth Exceeds Expectations
2018年2月8日 - 10:42AM
RTTF2
China's exports grew more-than-expected on global demand at the
start of the year, and imports surged as factories lifted stocks
ahead of the holidays, data from the General Administration of
Customs revealed Thursday.
In dollar terms, exports advanced 11.1 percent year-over-year in
January, faster than the 10.7 percent rise economists had forecast
and a 10.9 percent rise posted in December.
Imports surged 36.9 percent in January from a year ago, well
above the expected growth of 10.6 percent.
Due to higher imports, the trade surplus fell to $20.34 billion
in January, which was well below the expected level of $54.65
billion.
Exports to the United States climbed more than 12 percent and
imports from U.S. jumped 26.5 percent.
In yuan terms, exports rose 6 percent and imports advanced 30.2
percent. The trade surplus totaled CNY 135.8 billion.
Data from China for the first two months of the year are usually
distorted due to the timing of the long Lunar New Year
holidays.
Trade appears strong but seasonal effects muddy the waters,
Julian Evans-Pritchard, an economist at Capital Economics, said.
The economist said export growth will rise further in February but
expects import growth to drop back sharply as the seasonal base
effects reverse.
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