China Trade Surplus Jumps as Exports Beat Expectations Despite Weak Imports
- China's exports in January & February 2023 rose 7.1% year-over-year, beating expectations of 3.9% growth
- Imports also beat expectations, up 3.5% versus forecast 0.7% drop
- Exports boosted by global tech recovery and lower destocking pressure
- But weak imports show challenging domestic demand
- Total trade surplus hit $125.1 billion, up from $103.8 billion last year