China's February exports surge, trade surplus widens - NEWS 95.7
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China's February exports surge, trade surplus widens

Last Updated Mar 8, 2018 at 1:20 am ADT

BEIJING, China – China’s exports in February surged 44.5 per cent over a year earlier while its politically sensitive trade surplus widened amid mounting tension with Washington.

Customs data on Thursday showed export growth accelerated from January’s 11.1 per cent rate while import growth cooled to 6.3 per cent from the previous month’s 36.9 per cent.

The country’s global trade surplus widened to $33.7 billion from January’s $20.3 billion.

Beijing faces mounting pressure from the government of President Donald Trump to narrow its trade surplus. Trump has approved higher tariffs on Chinese-made washing machines and some other goods and is considering other possible penalties.

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