China's Trade Surplus Surges in January

China’s trade surplus surged 14% year-on-year in January to $31.86 billion, according to data released by the the General Administration of Customs.

 

The data showed that exports rose more than expected, increasing 10.6% to $207.13 billion, while imports jumped 10% to $175.27 billion.

 

January’s trade results came after China’s economy registered flat growth of 7.7% in 2013, maintaining its slowest expansion in more than a decade.

 

Gross domestic product (GDP) expansion for the December quarter also came in at 7.7%, the National Bureau of Statistics said last month, slowing from 7.8% in the previous three months.

 

The 2013 GDP figure was the same as that for 2012—which was the worst rate of growth since 1999—although it exceeded the government’s growth target for the year, which was declared as 7.5%.

 

China’s economy is expected to slow to 7.5% this year, according to the median forecast in a survey of 14 economists by AFP last month.

 

Read more on

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern