China's trade surplus -7.6% M/M to $29.2B in January vs consensus of $26.6B; exports post their...

|By:, SA News Editor

China's trade surplus -7.6% M/M to $29.2B in January vs consensus of $26.6B; exports post their fastest growth since April 2011, rising 25% Y/Y vs +14.1% in December and consensus of +17.7%; imports +28.8% vs +6% and +21.4%. However, the figures are distorted by the Chinese New Year, which is in February this year rather than January.