January Trade Increases

Trade in China increased during January following several months of weak data. Both imports and exports grew more than expected during the period. January exports increased 11.1% YoY, whereas analysts had expected 9.6% growth. Likewise, exports rose 36.9%, beating analyst expectations of 9.8%. This upbeat data suggests that China’s economy remained resilient in the first month of the year despite government crackdowns on factory pollution and riskier types of financing.