China Posts Trade Surplus in February


China posted a trade surplus in February, confounding expectations the economy would swing to a trade deficit due to seasonal weakness from the week long Chinese Lunar New Year holiday.

The surplus totaled $15.3 billion, narrowing from January's $29.15 billion surplus. 

February's exports were 21.8% higher than a year earlier, when the Lunar New Year fell in January, while imports were 15.2% lower than the year-earlier month. 
 
The strength in China's exports is apparent even when their January and February performances are combined.  Exports for the two months combined rose 23.6 percent, while imports increased 5 percent

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3/8/2013 10:50:39 AM