Foreign trade injects positive momentum into the economy

The latest leading indicators and high-frequency data show that from January to February this year, foreign trade got off to a good start, injecting positive momentum into China's economic development.

China's port operation has maintained a good momentum this year. In January, Ningbo Port container throughput increased by 17.4 percent year-on-year, and its vehicle exports rose by 47.4 percent from a year earlier, which continued the rapid growth trend.

The State Information Center said the daily average index has recovered in the first week after the Spring Festive holiday (Feb 18 to 23) to the pre-holiday level, also an increase of 6.3 percent over the same period last year, indicating a rapid recovery of production and trading activities in the comprehensive bonded areas.