Chinese export recovered from the March collapse
China’s exports have clearly recovered in March from the sharp fall a month earlier. This is according to figures from the Chinese customs.
Exports increased by 14.2 percent compared to a year earlier. That is the largest increase in five months. Economists had generally expected an increase of 6.5 percent. In February, exports from the world’s second economy fell by 20.7 percent. That was the biggest fall in the country’s exports in three years.
Chinese imports shrank by 7.6 percent, after a decrease of 5.2 percent in February. As a result, imports have been decreasing for four consecutive months now, suggesting weaker domestic demand. Here economists predicted an average plus of 0.2 percent. The Chinese trade surplus for March amounted to 32.6 billion dollars. This was $ 4.1 billion the month before.
Incidentally, economists point out that China’s trade figures at the beginning of the year can be very volatile due to the timing of the Chinese New Year.
Lately, there are more signs that the Chinese economy is picking up somewhat, helped in part by government stimulus measures. However, the country continues to suffer from trade tensions with the United States, although there are positive reports about a possible trade deal.