China March Trade Balance Surplus Hits $23.9 Billion, Higher than Expected $10 Billion


China's exports rose 16.4 percent in March from a year ago, beating a Reuters' analyst forecast of 3.2 percent to reverse a decline of 1.3 percent in February, data from the Chinese customs showed Thursday.

The country's imports rose 20.3 percent on-year, down from a surge of 38.1 percent a month ago, but still above the rise of 18.0 percent analysts predicted.

China's trade surplus in U.S. dollar terms was $23.93 billion in March, more than double the $10 billion analysts had forecast. The world's second largest economy posted a rare $9.15 billion trade deficit in February.

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