China spreading ‘positive news’ of strong export rebound in early March after February plunge



Elaine Chan | South China Morning Post

  • Exports in the first nine days of March surged 39.9 per cent after February showed the largest drop in three years, led by a large fall in trade with the United States
  • China Customs chief Ni Yuefeng expects import-export growth to continue after February’s Lunar New Year holiday

China’s unusual advance release of trade data in early March was a bid to spread “positive news that could help shore up confidence” after exports in February posted the steepest drop in three years, analysts said.

Exports in the first nine days of March surged 39.9 per cent, compared with the same period last year, according to detailed data released over the weekend by the General Administration of Customs.

It followed figures released on Friday that showed February exports tumbled 20.7 per cent compared to the same period last year, as the world’s second-largest economy suffers from an economic slowdown compounded by the effects of the US-China trade war.
[Read more here.]