China posts trade deficit in March

FXstreet.com (Barcelona) - China trade balance showed a surprising deficit of $880 million after analysts called instead for $15.1bln in surplus. While exports missed, imports soared more than expected, leading to the decrease in the balance.

China March imports came at +14.1% on a yearly basis against +6.0% expected, meanwhile, China March exports stood at +10.0% year on year against +11.7% expected.