Chinese exports surged in March, defying economists’ expectations of a contraction, as the world’s second-largest economy recovered after months of falling trade.
Customs data released on Thursday showed dollar-denominated exports expanded 14.8 per cent compared with the same period a year earlier, after falling 6.8 per cent in January and February. Analysts polled by Reuters had forecast a contraction of 7 per cent.
Imports also strongly beat forecasts, declining just 1.4 per cent year on year last month, compared with expectations of a 5 per cent contraction following a 10.2 per cent fall at the beginning of the year.
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