China's export outlook beats expectations, points to continued strength

|By:, SA News Editor

China's 2017 export outlook brightens after the government reports better than expected trade growth for March and as U.S. Pres. Trump suddenly declares China is not a currency manipulator.

China's exports rose at the fastest pace in more than two years in March, up 16.4% Y/Y, while import growth remained strong at 20.2%; the country's crude oil imports hit a record high of nearly 9.2M bbl/day.

Analysts say the stronger trade data reinforces the growing view that economic activity in China has remained resilient or is even picking up, and that global manufacturing is improving.

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