China exports surge unexpectedly in March
By Frank Prenesti
Date: Thursday 13 Apr 2023
(Sharecast News) - Chinese exports unexpectedly spiked in March against forecasts of a contraction, as the economy continued to recover from its zero-Covid policies and months of falling trade due to lockdowns.
Dollar-denominated exports grew 14.8% year on year, after falling 6.8% in January and February and against forecasts of a 7% contraction. Imports fell 1.4%, compared with expectations of a 5% decline.
Reporting by Frank Prenesti for Sharecast.com
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