Business Insider Australia
- China recorded a shock trade deficit of $ 4.98 billion in March, the first in more than a year.
- Imports surged by 14.4% from a year earlier while exports fell 2.7% over the same period.
- China’s trade surplus with the US fell to $ 15.43 billion, below the $ 20.96 billion level of February.
China recorded a surprise trade deficit in March, driven by a steep decline in exports.
According to China’s General Administration of Customs, a deficit of $ 4.98 billion was recorded, surprising economists who were expecting a surplus of $ 27.21 billion.See the rest of the story at Business Insider
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