China’s exports grew at the fastest pace in two years in February despite the long lunar new year holiday, pulling the country’s trade surplus back up from a recent dip.

Outbound shipments rose 44.5 per cent year on year last month in dollar terms, according to China’s General Administration of Customs, up from a rise of just 11.1 per cent in January and far exceeding a median estimate of 13.6 per cent from economists polled by Reuters.

The jump in growth marked the quickest clip since February 2016.

Import growth meanwhile slowed considerably to a year-on-year rise of 6.3 per cent, from 36.9 per cent in January.

Those trade flows shook out to a trade surplus of $33.7bn, up from a revised $20.35bn in January (previously $20.34bn).

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