China Feb exports post record surge from COVID-19-depressed 2020 levels


Source: foxbusiness.com foxbusiness.com

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China's February exports grew at a record pace from a year earlier when 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...