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World|business|February 12, 2014 / 05:06 PM
China trade surplus jumps to $32bn

AKIPRESS.COM - shanghai China's trade surplus jumped to $31.9bn in January, easing concerns the world's second-largest economy may be stuck in a slowdown, the BBC News reported.

The figure was up 14% from a year earlier and stronger than forecasts for a $23.7bn surplus.

Imports rose by 10% from a year earlier to $175.27bn - led by record shipments of crude oil, iron ore and copper.

Exports increased by 10.6% from a year earlier, far faster than analysts' forecasts, to $207.13bn.

The positive trade figures also add to expectations China will overtake the US as the world's largest trading nation this year.

China is the world's largest exporter, and analysts had been expecting the data to reflect effects of the Lunar New Year holiday, which fell in January this year.

During this period, factories and offices on the mainland tend to shut for long periods for workers to mark China's biggest annual holiday.

 

 

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