Economics
China Shows Resilience as Imports, Exports Top Expectations
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China’s imports climbed to a record and exports grew more than expected last month, indicating resilience in the world’s second-biggest economy as the U.S. and European recoveries falter.
Inbound shipments jumped 30.2 percent from a year earlier to $155.6 billion, the customs bureau said on its website yesterday. That pace exceeded the estimates of all 29 economists in a Bloomberg News survey. Exports climbed a more-than-expected 24.5 percent, leaving a trade surplus of $17.76 billion.