at the fastest pace in 3 years.
China exports unexpectedly surged at the fastest pace in 3 years in February, suggesting its economic growth remains resilient even as trade relations with the United States rapidly deteriorate.
Trade tensions have jumped to the top of the list of risks facing China this year, with proposed U.S. tariffs on steel and aluminium imports suggesting more measures may be on the way, Zhou Hao, senior emerging markets economist at Commerzbank, told the Reuters Global Markets Forum this week.
China’s February exports rose 44.5 percent from a year earlier, compared with analysts’ median forecast for a 13.6 percent increase, and an 11.1 percent gain in January, official data showed on Thursday. Imports grew 6.3 percent, the General Administration of Customs said, missing analysts’ forecast for 9.7 percent growth, and down from a sharper-than-expected 36.9 percent jump in January.