BEIJING, March 7 (AFP): China's exports sharply accelerated in the first two months of 2024, official figures showed Thursday, providing policymakers a bright spot as they battle to revive the world's second-largest economy.
Overseas shipments have long served as a key driver of the country's economic growth, providing vast amounts of jobs for the manufacturing sector.
In January and February combined, exports surged 7.1 percent on-year, the General Administration of Customs said, smashing the 1.9 percent forecast in a Bloomberg survey of analysts.
The huge rise was partially attributed to the low base of comparison with January-February last year, when China emerged from its strict zero-Covid measures.
Exports have been increasing since November, after six straight months of contraction.
However, concerns about the global economic outlook owing to sticky inflation and elevated interest rates continue to subdue demand for Chinese goods.
China trade surges in first two months of 2024
FE Team | Published: March 08, 2024 00:08:57
China trade surges in first two months of 2024
Share if you like