China exports surge in first two months of the year despite Trump tariffs

AI Summary
China's exports experienced a significant surge in January and February, growing by over 20% despite ongoing trade tensions with the United States. This growth, almost triple economists' predictions, was driven by strong demand for electronics, agricultural goods, and manufactured products. While trade with Europe and ASEAN countries increased substantially, exports to the US declined by over 10% due to tariffs imposed by the Trump administration. The combined January-February data adjusts for Lunar New Year distortions. Exports remain a crucial driver for China's economy, offsetting challenges like weak consumer spending and a property market crisis. The announcement precedes a planned meeting between President Trump and President Xi Jinping in early April.
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