|
|
|
China says trade growth tops forecasts in January-February Beijing, March 10 (AFP) Mar 10, 2026 China's trade surged by a fifth in the first two months of the year, official data showed Tuesday, significantly outpacing forecasts despite a plunge in shipments to the United States. Official figures for the first two months of the year -- usually combined to account for distortions arising from the varying Lunar New Year holiday -- showed a strong start to 2026, before war broke out in the Middle East. Exports in the period climbed 21.8 percent year-on-year, the General Administration of Customs said, beating the 7.2 percent predicted in a Bloomberg survey of economists. Imports soared 19.8 percent, also far higher than the seven percent estimated in the Bloomberg survey. The jump in imports follows official data on Monday that showed consumer prices rising at their fastest pace in three years. Exports to the United States sank 11.0 percent, however, as trade frictions with Washington persisted and President Donald Trump pressed ahead with his tariff campaign. Shipments to the United States totalled $67.24 billion in January-February, the figures showed, compared with $75.56 billion in the same period last year. But exports to the European Union surged 27.8 percent, while exports to ASEAN climbed 29.2 percent. The world's second-largest economy achieved a record trade surplus last year, offering a crucial lifeline for Beijing as domestic activity slumped. |
|
|
|
All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.
|