China’s trade surplus widened to US$31.9B in January from US$25.6B in the prior month as both exports and imports accelerated ahead of Lunar New Year holidays. Exports rose +10.6% y/y in January, up from +4.3% in December. Import growth picked up to +10.0% y/y in January after a +8.3% increase in the prior month although Lunar New Year holidays shortened the number of working days and the base was high last year.
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China Trade Surplus Widened in January While ECB Reaffirmed to Keep Rates Low
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