Trade surplus of world’s 2nd-largest economy widens to $116.9B as imports fall 10.2%
China’s exports fell 6.8% year-on-year to $506.3 billion in January-February, according to official data released on Tuesday.
Outbound shipments recovered from a 9.9% decline in December and exceeded the market forecast of a 9% drop.
Chinese imports fell 10.2% in the first two months of this year compared to the same period in 2022,after falling 7.5% in December.
Also, the trade surplus of the world’s second-largest economy rose to $116.9 billion from $78 billion in the same period.