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 policymakers, reports Nikkei Asia.
China's exports in the two months were 7.1 per cent higher than a year before, customs data showed on Thursday, beating a Reuters 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.
Exports had risen 2.5 per cent and at a far quicker pace in December, buoyed by a cyclical rebound in consumer demand overseas for semiconductors and electronics.
The customs agency publishes combined January and February trade data to smooth out distortions caused by the shifting timing of the Lunar New Year, which this year fell in February.
Source: shippingazette