China's General Administration of Customs recently announced that China's total import and export value increased by 44.4% in January, of which exports increased by 21% and imports increased by 85.5%. China's trade surplus in January was US$14.16 billion, a year-on-year decrease of 63.8%.
The above data is generally better than market expectations. Previously, CICC expects exports to increase by 20% year-on-year in January, imports by 90% year-on-year, and a trade surplus of $11 billion.
The above data is generally better than market expectations. Previously, CICC expects exports to increase by 20% year-on-year in January, imports by 90% year-on-year, and a trade surplus of $11 billion.
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