China's Exports Surge by 7.1% in 2024 Kickoff

China's exports surged by 7.1% in the first two months of 2024, surpassing expectations and indicating a positive start to the year despite challenges such as subdued overseas demand and geopolitical tensions. Imports also saw a growth of 3.5%, beating market expectations. The strong rebound is attributed to the global tech cycle recovery and lower destock pressure, with exports benefiting from the global tech cycle recovery and lower destock pressure. However, concerns remain about weak imports, reflecting challenging domestic demand conditions. China's total trade surplus stood at US$125.1 billion, and Premier Li Qiang vowed to bolster the trade sector, emphasizing support for international market expansion and cross-border e-commerce enterprises.