China trade surplus rebounds in January: Official figures
Published on Feb 12, 2014 10:28 AM
BEIJING (AFP) - China’s trade surplus surged in January, according to data on Wednesday that showed exports strengthening in a potentially brighter note for the world’s second-biggest economy after a disappointing performance of late.
The surplus rose 14.0 per cent year-on-year in January to US$31.86 billion (S$40 billion), the General Administration of Customs said, rebounding from a decline the previous month.
Exports jumped more than expected, increasing 10.6 per cent to US$207.13 billion, while imports were up 10.0 per cent at US$175.27 billion.
The median forecast in a survey of 11 economists by The Wall Street Journal predicted only a 0.1 per cent increase in exports, which had risen 4.3 per cent in December. But the overall trade surplus had fallen 17.4 per cent in January year-on-year to US$25.64 billion.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!