China’s exports surged unexpectedly in February, further widening its global trade surplus at a time when the Trump administration has put a special focus on the U.S. trade deficit with Beijing.
Chinese exports jumped 44.5% in February from a year earlier, the General Administration of Customs said Thursday. Economists polled by The Wall Street Journal had forecast a 8.5% increase. At the same time, a 6.3% rise in imports was smaller than the market expected.
That meant China’s overall trade balance widened to $33.74 billion last month, up from $20.34 billion in January. Economists taking business closures for the Lunar New Year into account had predicted imports would exceed exports by $5.4 billion.View Article