Market Updates: Trade Balance Beats Forecasts, Exports Surge by 9.1%

The Customs General Administration of China release Chinese Trade Balance figures for January. The dollar-denominated exports rose 9.1% from a year earlier, while imports dropped 1.5%, both beating analysts’ expectations. It’s a bit surprising for investors as the trade war ande 10% tariff on Chinese goods were expected to place a negative impact on Chinese exports.