20 August 2019

China exports seen recovering after Feb slide, paper says

China’s exports are expected to return to normal levels in the coming months after recording dips in February due to the Chinese New Year holiday, the China Securities Journal reported Monday. The nation’s total foreign trade last month was at US$251.18 billion, down 4.8 percent from a year earlier, as exports plunged 18.1 percent to US$114.1 billion and imports rose by 10.1 percent to US$137.08 billion. Shenyin & Wanguo Securities Co Ltd. analyst Li Huiyong was quoted as saying that export growth for the whole year will be around 9 percent and that China could register a trade surplus of between US$260 and 270 billion for the year.

– Contact HKEJ at [email protected]


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