China swung to a shock trade deficit of $884M in March from a surplus of $15.25B in February and...

|By:, SA News Editor

China swung to a shock trade deficit of $884M in March from a surplus of $15.25B in February and badly missed forecasts for a surplus of $14.7B. Imports +14% vs consensus of +6.1%; March exports +10% vs +21.8% in February and vs expectations of +12%. Q1 trade surplus $43.07B vs $660M a year earlier. JPMorgan economist Haibin Zhu says the rise in imports could help reduce worries over the strength of domestic demand.