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- China's trade balance surplus rose more than expected in January
China's trade balance surplus rose more than expected in January
China's exports recovered at a faster-than-expected pace at the start of the year ahead of the protectionist policies that U.S. President Donald Trump could take, deterring shipments of most Asian economies.
Exports climbed 7.9 percent year-on-year in January, reversing December's 6.2 percent fall, data from the General Administration of Customs revealed, cited by rttnews. Shipments were expected to climb 3.2 percent.
At the same time, annual growth in imports accelerated sharply to 16.7 percent from 3.1 percent and also exceeded the expected expansion of 10 percent.
As a result, the trade surplus increased to $51.35 billion from $40.71 billion a month ago. The surplus was expected to rise to $48.5 billion.
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