CHINA’S EXPORTS TOP FORECASTS AS GLOBAL DEMAND RETURNS
Written by Olakunle Oke on March 7, 2024
China’s export and import growth in the January-February period beat forecasts, suggesting global trade is turning a corner in an encouraging signal for policy makers as they try to shore up a stuttering economic recovery.
China’s improved export data joins those of South Korea, Germany and Taiwan, who all saw their shipments top expectations over the first two months of the year, with the Asian economies benefiting from a surge in demand for semiconductors.
Exports from the world’s second-biggest economy in the two months were 7.1 per cent higher than a year before, customs data showed on Thursday, beating a poll that expected an increase of 1.9 per cent.
Imports were up 3.5 per cent, compared with a poll forecast for growth of 1.5 per cent.
Source: Jordan 105.5fm News Bulletin
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