BEIJING: China's exports and imports surged in January as the first hard data of the year pointed to robust domestic demand and a pick up in the economy not solely explained by the timing of the Lunar New Year holiday.
Exports grew 25 percent from a year earlier versus a forecast of 17 percent in a Reuters poll. Imports surged 28.8 percent to comfortably beat a consensus call of 23.3 percent and the resulting $29.2 billion trade surplus topped a market expectation of $22 billion.
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