China exports jump 60.6% y/y in Jan-Feb, imports up 22.2%, trade surplus of $103.25 billion

[beijingwalker]

China exports jump 60.6% y/y in Jan-Feb, imports up 22.2%, trade surplus of $103.25 billion
Reuters
Publishing date:
Mar 07, 2021

BEIJING — China’s exports jumped 60.6% in January-February from a year earlier and imports increased 22.2%, faster than expected from depressed 2020 levels, customs data showed on Sunday.

Analysts in a Reuters poll had expected exports to surge 38.9% from a year earlier after 18.1% growth in December. They had forecast a 15% jump in imports after a 6.5% increase in December.

China posted a trade surplus of $103.25 billion for the two months. Analysts in the poll had expected the surplus to narrow to $60.00 billion from $78.17 billion in December.

China’s customs authority began combining January and February data in 2020 to smooth distortions caused by the Lunar New Year, which can fall in either month. (Reporting by Colin Qian, Stella Qiu and Ryan Woo; Editing by Ana Nicolaci da Costa and William Mallard)

China exports jump 60.6% y/y in Jan-Feb, imports up 22.2%

BEIJING — China’s exports jumped 60.6% in January-February from a year earlier and imports increased 22.2%, faster than expected from depressed 2020 levels, customs…

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[GeHAC]

Decoupling going well

 

[beijingwalker]

Everyone is talking about cutting dependence on China but no one can really make it happen. there is only so much you can do trying to stop someone who is unstoppable before you give up.

 

[TaiShang]

This is global public goods. US regime promotes classic mercantilist slogans such as requiring state agencies to buy Local products. China shares wealth and development with developing countries.

 

[redtom]

Even though my wife's company's sales to the United States tripled last year.But I still don't understand what's going on.

 

[Viet]

Wow communist chinese beat all capitalists.

 

[bafxet]

That's astounding growth. China has simple become unstoppable.