Chinas exports & imports surge

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Chinese exports in dollar terms soared 30.6 per cent in March 2021 from a year earlier, but at a slower pace from a record 154.9 per cent growth in February. The data showed total imports jumped 38.1 per cent year-on-year last month, the fastest pace since February 2017, on high commodity prices, beating a 23.3 per cent forecast and compared with 17.3 per cent growth in February. The nation imported 1.02 million tonnes of meat in March, the highest monthly volume since at least January 2020, while imports of soybean, iron ore, copper and crude oil also rose, as per a report.