China trade: imports, exports set to have stayed ‘solid’ in March



Reuters | South China Morning Post

Improved global demand and a favourable base effect are likely to have kept China’s exports buoyant in March, while higher oil prices will have boosted its imports, a Reuters poll showed on Monday.

China’s trade surplus is expected to be US$52.05 billion in March, following a surplus of US$103.25 billion in the first two months of the year, according to a median forecast in a Reuters poll of 27 economists. The data will be released on Tuesday.

Exports are expected to have risen 35.5 per cent in March from a year earlier, according to the poll. The number was down from 60.6 per cent jump in January-February, as the year-ago level suffered a deeper contraction as the coronavirus outbreak in China passed through its peak.

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