Sharp Jump in China Trade Surplus
Because of stronger currency and rising cost, China’s monthly trade surplus outstripped expectations in January. From BBC News :
China’s trade surplus soared 22.7% in January as the economy continued to boom despite efforts to cool the rate of growth, official figures have shown.
The surplus – the gap between what China exports and what it imports – grew to $22.7bn (£11.5bn) last month, compared with $15.9bn a year earlier.
China’s exports in January increased 26.7% to $109.7bn, the biggest year-on-year rise in six months.
Imports rose 27.6% to $90.2bn, the biggest increase in almost two years.