fxs_header_sponsor_anchor

News

China trade surplus narrowed sharply in February as exports plunged 16%

China trade surplus narrowed sharply to CNY 34.46 billion in February, missing the estimated figure of CNY 252.3 billion by a big margin. 

Exports tanked 16.6 percent year-on-year as opposed to an expected rise of 6.6 percent. The outbound shipments had jumped 13.9 percent in January. 

Meanwhile, imports also contracted at an annualized rate of 0.3 percent, as opposed to an expected 6.2 percent increase. 

A slide in exports indicates the global demand conditions deteriorated further in February. The risk aversion, therefore, could worsen ahead of the US non-farm payrolls release. 

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.