China’s trade surplus jumped 14 percent year-on-year in January to $31.86 billion amid signs of slowing economy, data showed Wednesday.
January exports rose 10.6 percent year-on-year to $207.13 billion U.S. dollars while imports increased 10 percent to $175.27 billion, the General Administration of Customs said in a statement.
The January trade surplus was up 24.25 percent from the previous month.
For all of last year, China earned a trade surplus of $260 billion, up 12.8 percent from 2012. Its total trade last year hit $4.16 trillion, up 7.6 percent from 2012.
China’s economy, the world’s second largest after the United States, grew 7.7 percent in 2013 from the previous year, unchanged from the year-on-year growth in 2012. However, the last year’s fourth quarter growth slowed to 7.7 percent from 7.8 percent in the third quarter.
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