BEIJING — China’s February exports grew at a record pace from a year earlier when coronavirus disease 2019 (COVID-19) battered the world’s second-biggest economy, customs data showed on Sunday, while imports rose less sharply.
Exports in dollar terms skyrocketed 154.9% in February compared with a year earlier, while imports gained 17.3%, the most since October 2018. The data did not include figures for January alone.
In the January-February period, exports jumped 60.6% from a year earlier, when lockdowns to contain the pandemic paralyzed the country’s economic activity. That exceeded the forecast of analysts in a Reuters poll for a 38.9% surge.
Strong exports, which benefited from China’s success in largely containing the public health crisis, have helped fuel the country’s recovery from a pandemic-induced paralysis.
The surge was driven by a rebound in foreign demand, customs said in a statement on its website, citing improvements in manufacturing industries in the … Read the rest...