CHINA EXPORTS JUMP IN FEBRUARY AS ECONOMY RECOVERS.
China's exports surged more than 20 percent in February on-year despite the Lunar New Year holiday, data showed, in another sign of recovery for the world's second-largest economy. The jump in exports helped China to record a surprise trade surplus of $15.3 billion in February though the surplus narrowed from $29.2 billion in January, the General Administration of Customs said in a statement. The market had expected a trade deficit of $16 billion, according to the median forecast in a poll of 13 economists by Dow Jones Newswires. Exports jumped 21.8 percent year-on-year to $139.4 billion in February, while imports dropped 15.2 percent to $124.1 billion, customs said.
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|Publication:||Pakistan & Gulf Economist|
|Date:||Mar 17, 2013|
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