This compares with a 28.8 percent rise in January.
But Chinese exports crushed expectations again rising 21.8 percent on the year, against consensus for an 8.1 percent rise.
The
Bank of America's Ting Lu had predicted a 9.5 percent decline in exports because of the impact of the Chinese New Year. This differs significantly from the consensus view. Economists however consider this data with a pinch of salt because of distortions caused by the long holiday. Instead, the prefer to look at January-February data together.