mo4ch:>Chinese exports surge despite gloomy forecasts as trade spat with US remains unsolved | Mo4ch News

Sales of Chinese goods abroad saw a dramatic upsurge in January, according to the latest statistics from China’s General Administration of Customs (GAC). Imports also dropped far less than analysts predicted.The data shows that January’s exports in dollar terms soared by 9.1 percent compared to the same period a year earlier. The growth marks a significant improvement against December data that had revealed a year-on-year drop of 4.4 percent.Decline in imports by China reportedly slowed to 1.5 percent from 7.6 percent in the previous month.Also on rt.comChina on gold-buying spree amid global push to end US dollar dominanceThe country’s trade surplus in January totaled $39.16 billion, beating economists’ expectations. The analysts surveyed by Reuters projected China’s trade surplus to have narrowed to $33.5 billion from $57.06 billion in December. The figure fixed in January is still double the $18.42 billion in January 2018.The trade surplus with the US declined to $27.3 billion from …