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ECONOMY

China's Trade Surges in January on Strong Global, Domestic Demand

A busy wharf in the port city of Nantong, Jiangsu province on Jan. 10. China’s imports of natural gas rose 33.3% from a year ago to 7.77 million tons in January, the second highest on record, after December’s 7.89 million tons, as the government and gas companies battled to ease a shortage of the fuel. Photo: VCG
A busy wharf in the port city of Nantong, Jiangsu province on Jan. 10. China’s imports of natural gas rose 33.3% from a year ago to 7.77 million tons in January, the second highest on record, after December’s 7.89 million tons, as the government and gas companies battled to ease a shortage of the fuel. Photo: VCG

* Imports rose at the highest growth rate since February 2017, far exceeding forecasts

* However analysts say that the timing of this year’s Lunar New Year holiday may have boosted figures

China’s imports jumped the most in 11 months in January while exports remained strong, highlighting healthy domestic and foreign demand, although economists cautioned the numbers may have been given an extra boost by the timing of the Lunar New Year holiday.

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