China’s exports, imports seen staying buoyant in March: Reuters poll – Reuters

China’s exports, imports seen staying buoyant in March: Reuters poll – Reuters

BEIJING (Reuters) - Improved global demand and a favorable base effect are likely to have kept China's exports buoyant in March, while higher oil prices will have been boosted its imports, a Reuters poll showed on Monday.FILE PHOTO: A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. REUTERS/Martin PollardChina's trade surplus is expected to be $52.05 billion in March, following a surplus of $103.25 billion in the first two months of the year, according to a median forecast in a Reuters poll of 27 economists. The data will be released on Tuesday.Exports are expected to have risen 35.5% in March from a year earlier, according to the poll. The number was down from 60.6% jump in January-February, as the year-ago level suffered a deeper contraction as the the coronavirus outbreak in China passed through its peak.The rebound of overseas demand for Chinese goods continued with the recovery of global economy amid greater vaccination efforts. Surveys showed U.S. factory activity picked up in March amid strong growth in new orders, and the growth in Euro zone monthly factory activity was the fastest on record.Official