Trade traffic with China increased
Wikimedia Commons
Chinese exports and imports expanded in the first two months of the year due to growing demand, although the outstanding data was partly due to last year's low base data, writes origo.hu.
According to data released by the Chinese Customs Service on Sunday, the dollar-denominated value of exports rose 60.6% year-on-year in January-February.
Analysts expected a much more modest expansion of 38.9% after an increase of 18.1% in December. However, the exceptionally high figure is partly due to a 17.2% drop in Chinese exports in January-February last year due to the coronavirus epidemic.
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