China exports rebound strongly in early March, a whopping 40% increase

[beijingwalker]

China exports rebound strongly in early March, a whopping 40% increase

• Exports in the first nine days of March surged 39.9 per cent after February showed the largest drop in three years, led by a large fall in trade with the United States
• China Customs chief Ni Yuefeng expects import-export growth to continue after February’s Lunar New Year holiday

Published: 11:29am, 11 Mar, 2019

China’s exports grew from the second half of last month, even though they recorded the steepest drop in three years for the full month of February, according to data from China’s General Administration of Customs.

Exports in the first nine days of March surged 39.9 per cent, compared with the same period last year, according to detailed data released over the weekend.

The unusual partial advance release of March’s data comes after figures released on Friday showed February exports tumbled 20.7 per cent

compared to the year earlier period, as the world’s second-largest economy reels from an economic slowdown compounded by the effects of the US-China trade war.


China Customs chief Ni Yuefeng told the state-owned Xinhua news agency that the nation’s exports had picked up after the Lunar New Year holiday, also known as the Spring Festival, in February.

“From historical data, it’s normal for there to be fluctuations in data for the Spring Festival month. Looking at the export trend after the Spring Festival, we are full of confidence about the next stage of import-export growth,” Ni said.

China’s total trade – imports and exports – grew 24.7 per cent for the first nine days of March and 21.0 per cent in the second half of February compared with the same periods last year.

https://www.scmp.com/economy/china-...bound-strongly-early-march-after-februarys-20

 

[TaiShang]

China exports rebound strongly in early March, a whopping 40% increase

• Exports in the first nine days of March surged 39.9 per cent after February showed the largest drop in three years, led by a large fall in trade with the United States
• China Customs chief Ni Yuefeng expects import-export growth to continue after February’s Lunar New Year holiday

Published: 11:29am, 11 Mar, 2019

China’s exports grew from the second half of last month, even though they recorded the steepest drop in three years for the full month of February, according to data from China’s General Administration of Customs.

Exports in the first nine days of March surged 39.9 per cent, compared with the same period last year, according to detailed data released over the weekend.

The unusual partial advance release of March’s data comes after figures released on Friday showed February exports tumbled 20.7 per cent

compared to the year earlier period, as the world’s second-largest economy reels from an economic slowdown compounded by the effects of the US-China trade war.


China Customs chief Ni Yuefeng told the state-owned Xinhua news agency that the nation’s exports had picked up after the Lunar New Year holiday, also known as the Spring Festival, in February.

“From historical data, it’s normal for there to be fluctuations in data for the Spring Festival month. Looking at the export trend after the Spring Festival, we are full of confidence about the next stage of import-export growth,” Ni said.

China’s total trade – imports and exports – grew 24.7 per cent for the first nine days of March and 21.0 per cent in the second half of February compared with the same periods last year.

https://www.scmp.com/economy/china-...bound-strongly-early-march-after-februarys-20

Wait until China collapses.

 

[beijingwalker]

Wait until China collapses.

Waiting for the fourth picture.

 

[TaiShang]

Waiting for the fourth picture.

Probably in a decade, some of those old school China Collapse theorists will have taken a dirt nap.

 

[Han Patriot]

Wait until China collapses.

It happens every year, Chinese productivity and exports drop during the new year, because everybody is on holidays. Doesn't take a genius to figure that out

 

[oprih]

Cry @Get Ya Wig Split