China's February exports surge but imports fall

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Associated Press

Posted on March 8, 2013 at 12:01 AM

Updated Friday, Mar 8 at 12:33 AM

HONG KONG (AP) — China's exports surged more than expected last month in a possible sign of stronger global demand.

China's customs agency said Friday that exports jumped 21.8 percent to $139.4 billion dollars in February. That's down from the 25 percent growth in January but much higher than many economists had been forecasting.

The strong growth also comes even though February had fewer working days than usual because of the Lunar New Year holiday.

The agency said imports fell 15.2 percent to $124.12 billion while the trade surplus widened to $15.2 billion.

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