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China's trade surplus hits record $60.6 bn as exports surge

  • The monthly trade surplus in China reached a record high of $60.6 billion in February.

    While exports increased by 48.3% to $169.2 billion compared to a year ago, imports were down to $108.6 billion, data by the general administration of customs reveal.

    The export growth far exceeded analyst estimates. The surge is being attributed to increased activity to complete orders ahead of the Chinese new year in mid-February.

    In 2014, the economic growth in China slowed down to 7.4%, the weakest in 24 years.

    Tagged as: trade surplus, China, exports, imports, China trade surplus, Chinese new year, China economy, business news