Exports Accelerate and Surplus Grows

Mainland exports grew faster than expected last month, fueling optimism that the Country’s economic recovery is on a solid footing.

 

Outbound shipments jumped 25% year on year to USD187.4 billion in January while imports climbed 28.8% to USD158.2 billion, according to the customs authorities.

 

The trade surplus widened to 7.7% to USD29.2 billion.

 

But economic analysts warned that the trade data could turn out to be volatile over the next two months because of the disruption caused by the Lunar New Year holiday.  The Lunar New Year took place in January last year, resulted in a reduction of five working days for the month.

 

~ SCMP, February 9, 2013 ~

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