All data is delayed
See More

China trade surplus up 7.7% to $29.2bn

Feb 08 2013 09:44

Beijing - China's trade surplus rose 7.7% year-on-year to $29.2bn in January, official data showed on Friday, as the country maintained its economic recovery on improving demand.

Exports from the world's second-largest economy jumped a solid 25.0% to $187.4bn last month, while imports soared 28.8% to $158.2bn, the General Administration of Customs said in a statement.

But it noted that there were more working days last month than in January 2012, due to the timing of the Lunar New Year, potentially inflating the figures.

After taking out factors linked to the New Year, exports grew 12.4% last month year-on-year while imports increased 3.4%, it added.

But Zhang Zhiwei, a Hong Kong-based economist with Nomura International, argued there was a broader base for the strong export performance in January than seasonal factors.

"These data suggest that external and domestic demand are both strong, which supports our view that the economy is on track for a cyclical recovery in the first half (of this year)," he said in a research note.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

china economy


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote