Sunday, March 15, 2015

China's Trade Surplus

As we all know at the latest news in February, China's trade surplus hit records. The development of China's export growth rapidly. China become the world's second-largest economy. Exports leap 48.3 percent year-on-year to $169.2 billion while imports fell 20.5 percent to $108.6 billion. The growth in exports last month was well ahead of the median estimate for a 14 percent jump in a Bloomberg survey of economists.

Chinese workers packing goods at a warehouse in the Shanghai Pilot Free Trade zone

What factor led to the growth of China's export? 
The economy of China growth because of holiday factor especially The Lunar New Year. The Lunar New Year fell on January 31 in 2014, followed by a week-long national holiday, leading to a low comparison base for this February.

Regards,
Keiko Kezia

Reference:
http://www.bbc.com/news/business-31787698

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