China's exports jumped 22 per cent year-on-year in
February, indicating a recovery of global trade and economic growth,
dpa quoted the government as saying Friday.
Monthly exports rose to 139.37 billion dollars, up 21.8 per cent
from February 2012, while imports fell by 15.2 per cent to 124.12
billion dollars, according to Chinese customs data.
Exports were driven by recovering demand from the United States
and emerging markets, the General Administration of Customs said.
Import data were affected by the timing of a week-long national
holiday for Spring Festival, or Lunar New Year, which fell in January
in 2012 but in February this year.
Seasonally adjusted imports for February rose 6.5 per cent
year-on-year, the customs administration said.
The surge in exports in February reflected the 'steady recovery of
the Chinese, US and emerging economies,' the official Xinhua news
agency quoted government economist Wang Jun as saying.
China's annual economic growth slipped from 9.3 per cent in 2011
to 7.8 per cent last year, the slowest expansion since 1999.
The government is targeting growth of 7.5 per cent this year as it
aims to rebalance the world's second-largest economy away from its
long reliance on exports and investment in infrastructure.