GO
Loading...

China Feb export fall caused by seasonal distortions -customs

BEIJING, March 8 (Reuters) - A steep drop in China's exports in February was caused by seasonal distortions due to the week-long Lunar New Year holiday, the customs admistration said on Saturday.

China's exports fell 18.1 percent in February from a year earlier, while imports rose 10.1 percent, producing a trade deficit of $23 billion for the month, the administration said.

Analysts cautioned against reading too much into single monthly figures for January or February, given possible distortions caused by the Lunar New Year holiday, which began on Jan. 31 and covered early February. Many plants and offices shut for extended periods during the festival.

(Reporting by Kevin Yao)