China’s exports picked up in the first two months of 2015, propelled by February’s exceptionally strong performance that was inflated by the timing of Lunar New Year, while a slide in imports pointed to persistent weakness in the economy.
Data released by the General Administration of Customs on Sunday showed that China posted a record trade surplus of $60.6 billion last month.
Exports rose 15 percent during the January-February period from a year earlier, quickening from a 6.1 percent annual rise in the whole of 2014 as demand from major markets improved.
February exports jumped 48.3 percent from a year earlier, the strongest rise since May 2010 and comfortably beat market expectations of 14.2 percent, but customs office cautioned about reading too much into the figure given seasonal distortions.
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