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China and International Trade: China Exports Jump, but dip in imports

According to data from the General Administration of Customs, China’s exports gained more than 48 percent in February from a year earlier.

That delivered a record trade overflow of $60.6 billion for the month.

However, imports slipped more than 20 percent, the report said.

As indicated by sustained capital outflows as of late, imports have been weaker than exports, highlighting the need to goad domestic demand in the midst of apprehensions of deflation, as some investors are pulling out of the country.

According to Commerce Minister Gao Hucheng’s statement, they expected China’s consolidated exports and imports to come back to growth in March.

As the Minister’s statement indicates, he was confident of meeting annual trade growth of 6.1 percent in 2015.