CHINA TOPIX

China Presents Buoyant Trade Data, Gives Boost to Dollar and Markets

Rina S.   |

Apr 13, 2016 04:30 PM EDT

The world's second largest economy China presented a surprisingly optimistic trade data for the month of March, putting market concerns to a rest. The country showed an11.5 percent increase in its export, while its imports were down by 7.6 percent on dollar basis. The results were even better in CNY terms, where exports showed 18.7 percent increase and imports went down by 1.7 percent.