China's exports have rocketed some 18.7 percent compared to the same period last year.
China’s exports have rocketed some 18.7 percent compared to the same period last year.
ADVERTISEMENT#China's exports surged 18.7% year on year in March, while imports dipped 1.7%, customs data showed on Wed. pic.twitter.com/e7fU8stKTh
— People's Daily,China (@PDChina) April 13, 2016
The export boost has sent a surge of relief through the markets indicating that the world’s second largest economy has not been too severely damaged by the global slowdown.
By the week’s end China will present its growth data for the first quarter.
China exports surge as economy perks up https://t.co/DeUcWinbcfpic.twitter.com/tRelqmA44m
— Financial Times (@FT) April 13, 2016
Estimates suggest that the Chinese economy will expand by 6.8 percent in the three months to March.
Still, economists believe there are still downward pressures plaguing the economy.