From The New York Times:
China’s already large exports have accelerated further this year, with China’s customs agency announcing today that the country’s February trade surplus nearly tied a record set in October.
The size of the surplus, $23.76 billion, particularly surprised economists because Chinese exports tend to lag in the winter after surging in late summer and autumn, when deliveries are made to retailers preparing for Christmas.China’s rising trade surplus with the United States has produced growing pressure in Congress in recent weeks, and the latest announcement is likely to feed the debate. [Full Text]
