Posted 3/7/2024, 9:16:26 AM
China Trade Surplus Soars as Exports and Imports Exceed Expectations, Highlighting Improving Demand and Economic Recovery Efforts
- China's exports and imports beat estimates in January-February, signaling improving demand as Beijing attempts faster economic recovery
- Exports grew 7.1% and imports grew 3.5% compared to the same period last year
- Trade surplus was $125 billion
- Worries over surging Chinese EV exports to Europe crowding out local manufacturers
- Much export growth to Southeast Asia, with vehicle exports up 22% by volume and 13% by value
