FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo
March 8, 2018
BEIJING (Reuters) – China’s exports denominated in yuan rose 36.2 percent in February from a year earlier, the General Administration of Customs said on Thursday.
Yuan-denominated imports fell 0.2 percent last month, which produced a trade surplus of 224.9 billion yuan.
Customs is expected to release dollar-denominated trade data later on Thursday.
Over the Jan-Feb period combined, exports rose 18 percent year-on-year and imports were up 15.2 percent.
China’s trade performance rebounded in 2017 and logged a strong start to this year thanks to robust demand at home and abroad. But escalating trade disputes with the United States are clouding the outlook for exports in 2018, while a cooling property market may curb domestic demand for imported raw materials such as iron ore.
(Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)
