China’s Exports Jump Most in a Year, Boosting Growth Outlook
- Shipments rose 11.5%, imports moderated drop to 7.6%
- Data add to recent signs of stabilization in economy
Breaking Down China's March Trade Data
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China’s exports jumped the most in a year and declines in imports narrowed, adding to evidence of stabilization in the world’s second-biggest economy. Stocks rallied.
Overseas shipments rose 11.5 percent in dollar terms in March from a year earlier, compared with a 25 percent slump in February, when factories and offices were closed for a week-long holiday. Imports extended declines to 17 months with a 7.6 percent drop, data showed Wednesday. The trade surplus decreased to $29.9 billion, the least in a year.