China exports surge unexpectedly in March

Chinese exports unexpectedly spiked in March against forecasts of a contraction, as the economy continued to recover from its zero-Covid policies and months of falling trade due to lockdowns.

Dollar-denominated exports grew 14.8% year on year, after falling 6.8% in January and February and against forecasts of a 7% contraction. Imports fell 1.4%, compared with expectations of a 5% decline.

Reporting by Frank Prenesti for Sharecast.com