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Financial News: China Exports Fall Unexpectedly In March

China Exports Fall Unexpectedly In March

04/13/2018 - 00:08:00 (RTTNews)

(RTTNews) - China's exports declined unexpectedly in March, while imports grew more-than-expected, data from the General Administration of Customs showed Friday.

In dollar terms, exports fell 2.7 percent year-over-year in March, confounding economists' forecast for a notable increase of 11.8 percent.

Meanwhile, imports surged 14.4 percent in March from a year ago, faster than the expected spike of 12.0 percent.

The trade deficit came in at $4.98 billion in March, in contrast to the expected surplus of $27.5 billion.

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