China’s exports fell in January by 3.3 percent compared with the same month last year. Imports decreased simultaneously with 19.9 percent, which led to a record trade surplus in January to 367 billion yuan (about 500 billion).
It was mainly the import of coal and oil fell.
These figures mean that analysts by Reuters consulted missed the rough. Average forecast was that exports would increase by 6.3 percent and imports would decline by 3 percent.
Analysts warn that draw large conclusions from the comparisons with January last year, because the Chinese New Year celebrations in 2014 occurred in January, which has a significant impact on the economy. This year the New Year in February.
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