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China’s March Exports Rise 18.7% on Year, Boosting Growth Outlook

Apr 13 , 2016

China’s exports jumped the most in 18 months and declines in imports narrowed, adding to evidence of stabilization in the world’s second-biggest economy. Stocks rallied.

Overseas shipments rose 11.5 percent in dollar terms in March from a year earlier, compared with a 25 percent slump in February, when factories and offices were closed for a week-long holiday. Imports extended declines to 17 months with a 7.6 percent drop, compared with a forecast for a 10.1 percent drop. The trade surplus decreased to $29.9 billion, the least in a year.

The export rebound may suggest China’s economy fared better than expected in the first quarter, with data due Friday expected to show a 6.7 percent expansion for the period. The increase in shipments may indicate more than seasonal factors and could show a pick up in demand, said Iris Pang, a Greater China economist at Natixis SA in Hong Kong.


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