China exports soar

Date: Wednesday 10 Mar 2010

Exports from China rose by 46% from a year ago in February as the east Asian economic powerhouse continued its recovery from last year’s global economic downturn.

A sharp rise had been expected given that shipments fell by 25.7% year-on-year in February 2009, but the jump was ahead of expectations.

Chinese imports climbed by 44.7%, helped by wide-ranging stimulus spending.

China has been an important driver of economic recovery in the past year. Renewed demand for metals and other raw materials following a lull last year, has helped commodity prices rebound.

Many of the materials it imports are used to make products that are then exported, demonstrating China’s economic interdependence with the rest of the world.

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