China January trade surplus rises

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Beijing - China's trade surplus rose 14.0 percent year-on-year in January to $31.86 billion, official figures showed Wednesday, rebounding from a decline the previous month as exports jumped more than expected.

Exports increased 10.6 percent to $207.13 billion, while imports were up 10.0 percent at $175.27 billion, the General Administration of Customs said.

The median forecast in a survey of 11 economists by The Wall Street Journal predicted only a 0.1 percent increase in exports, which had risen 4.3 percent in December.

That month, the trade surplus in the world's second-biggest economy had fallen 17.4 percent year-on-year to $25.64 billion, Customs said in January.

China's annual trade in goods passed the $4 trillion mark for the first time in 2013, when the country likely surpassed the United States as the world's largest physical trading nation. - Sapa-AFP


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