10 Apr '11, 3am

China posts March trade surplus

China posts March trade surplus

SHANGHAI: China said Sunday it had returned to a trade surplus in March after the world's number two economy posted its first trade deficit in nearly a year in February. Customs data showed a trade surplus of $140 million in March after February's deficit of $7.3 billion -- the country's first since March 2010. Exports in March rose 35.8 per cent from the same month a year earlier, up from February's 2.4 per cent rise. Imports rose 27.3 per cent, up from 19.4 per cent in February. A Dow Jones poll of 13 economists had forecast a median monthly deficit of $4.0 billion for March. February's slowdown was typical of China's festive season, when factories ease off -- and in most cases close -- after cranking up production before the Lunar New Year holiday.

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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