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CHINA’S TRADE BALANCE: SURPLUS WIDENS MORE THAN EXPECTED IN FEBRUARY AMID A SURGE IN EXPORTS

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China's Trade Balance for February, in Chinese Yuan terms, came in at CNY 890.8 billion, widening from the previous figure of CNY540.90 billion.

Exports rose sharply by  7.1%% YoY during the reported month vs. 2.3% seen in January and 1.9% expected. The country’s imports, meanwhile, climbed 3.5% YoY in February vs. 0.2% booked previously.

In US Dollar terms, China’s trade surplus rose to $125.16 billion in February versus the 103.7 billion expected and 75.34 billion previous.


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