China exports up 11.5 % in March, first gain in ninth months

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Source:   —  April 13, 2016, at 8:00 AM

two economy. Customs data posted online Wednesday indicate that China'south exports rose 11.5 % in March compared with a year earlier, to $160.8 billion, after slumping by twenty-five % in February.

China exports up 11.5 % in March, first gain in ninth months

Chinese exports have risen for the first time in nine months, in a sign that the outlook may be improving for the world'south No. two economy.

Customs data posted online Wednesday indicate that China'south exports rose 11.5 % in March compared with a year earlier, to $160.8 billion, after slumping by twenty-five % in February.

It'south the first year-on-year gain in exports since June. However, the performance also reflects an unusually large contraction in exports in March two thousand-fifteenth.

"A dramatic turnaround in (year-on-year) growth was always likely," Marcel Thieliant and Label Williams of Capital Economics said, also because of the effects of the Lunar New Year holiday, which "extended into early March latest year but was confined to Feb this year."

Chinese economic data in the first months of the year are distorted because many businesses near during the weeklong holiday, which falls at different times in Jan and February.

Imports fell 13.8 % in March to $131 billion.

In the first three months of this year, total exports and imports fell 11.3 percent.

China'south economy expanded by 6.9 % in 2015, its slowest rate in a quarter century, and is expected to unhurried further this year as leaders engineer a transition far from unsustainable growth based on investment and export manufacturing. Beijing forecasts growth of 6.5 to seven % this year.

An upgrade on the state of the economy is expected Friday when executive are set to release first-quarter GDP data.

The trade report follows other recent data that point to possible stabilization in China'south economy, including an official monthly survey released earlier this week of factory purchasing managers that showed a powerful rebound in activity.

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