2024-03-07 02:43:04 ET
-
China's trade surplus increased to $125.16 billion in January-February 2024 combined from $103.8 billion in the same period a year earlier, surpassing market forecasts of $103.7 billion, as exports rose more than imports.
-
Exports from China surged 7.1% Y/Y to $528.01 billion in January-February 2024 combined, following a 2.3% gain in December 2023 and beating market forecasts of a 1.9% rise, signaling that global trade is starting to recover.
-
Imports to China rose 3.5% Y/Y to $402.85 billion in the combined January-February 2024, beating market forecasts of a 1.5% growth and quickening from a 0.2% rise in December due to strong domestic demand during the year-end and Lunar New Year holidays.
-
ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ).
-
Currency: ( CNY:USD )
-
More on China
-
China's services sector posts growth at 3-month low to 52.5 in February
-
Cyber threat: Biden orders investigation into security risks from Chinese cars
Read the full article on Seeking Alpha
For further details see:
China's trade surplus larger than expected in February amid surge in exports