 |
| Exports in dollar terms soared 30.6% in March from a year earlier, but at a slower pace from a record 154.9% growth in February. (Photo from financialexpress) |
[Asia News Communication = Reporter Reakkana] China's exports grew at a robust pace in March in yet another boost to the nation's economic recovery as global demand picks up amid progress in worldwide COVID-19 vaccination, while import growth surged to the highest in four years, Reuters reported.
The data reinforce signs of gathering momentum for the world's second-largest economy as it emerges from the COVID-19-led slump in early 2020. Exports in dollar terms soared 30.6 percent in March from a year earlier, but at a slower pace from a record 154.9 percent growth in February. The analysts polled by Reuters had forecast a 35.5 percent jump in shipments. Imports increased 38.1 percent year-on-year last month, the highest since February 2017, beating a 23.3 percent forecast and compared with 17.3 percent growth in February.
China posted a trade surplus of US$13.8 billion last month, versus analysts' expectations for the surplus to rise to US$52.05 billion from US$37.88 billion in February. Despite sporadic COVID-19 cases in China's border cities, authorities have been able to largely contain the virus in a boost to factory activity as production has gradually picked up to pre-pandemic levels. Beijing managed to largely bring the COVID-19 pandemic under control much earlier than many countries thanks to stringent anti-virus curbs and lockdowns at the initial phase of the outbreak last year.
