FOREX TradingCharts.com

Financial News: China Logs Trade Deficit Amid Surprise Fall In

China Logs Trade Deficit Amid Surprise Fall In Exports

04/13/2018 - 03:44:00 (RTTNews)

(RTTNews) - China posted its first trade deficit in more than a year in March as exports declined unexpectedly as the Lunar New Year holidays disrupted activity, data from the General Administration of Customs showed Friday.

Exports decreased 2.7 percent year-on-year in March, reversing a 44.1 percent surge posted in February. Shipments were expected to grow 11.9 percent.

Meanwhile, imports climbed 14.4 percent annually, bigger than the 12 percent increase economists had forecast.

Consequently, the trade balance showed a deficit of $4.98 billion in March. This was the first deficit since February 2017. Economists had forecast a surplus of $27.5 billion.

In yuan terms, exports decreased 9.8 percent, while imports gained 5.9 percent in March.

The biggest risk going forward is clearly that the current trade tensions escalate to the point where meaningful tariff barriers are erected, Julian Evans-Pritchard, an economist at Capital Economics, said.

But even if this is avoided, trade looks likely to soften slightly over the coming quarters given that global growth now appears past its peak and China's own economy faces rising headwinds from tighter policy, the economist noted.

Earlier, US President Donald Trump imposed 25 percent tariff on imported steel and 10 percent on imported aluminum.

China retaliated by announcing tariffs on more than 100 US goods including aircrafts, soya beans and chemical products.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Draghi Says Growth Moderation Is Broad-based, Warns Against Protectionism (03 hr(s), 43 min(s), 47 sec(s) ago)
(RTTNews) - Eurozone growth momentum has softened since the start of the year, but is expected to ...Full Story»

U.S. Durable Goods Orders Jump 2.6% On Continued Spike In Aircraft Demand (05 hr(s), 39 min(s), 47 sec(s) ago)
(RTTNews) - Reflecting another jump in orders for transportation equipment, the Commerce Departmen ...Full Story»

U.S. Weekly Jobless Claims Drop To Lowest Level Since 1969 (05 hr(s), 48 min(s), 47 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits fell to their lowest level in nearly ...Full Story»

U.S. Durable Goods Orders Jump More Than Expected In March (06 hr(s), 15 min(s), 47 sec(s) ago)
(RTTNews) - Reflecting another jump in orders for transportation equipment, the Commerce Departmen ...Full Story»

U.S. Weekly Jobless Claims Drop More Than Expected (06 hr(s), 22 min(s), 47 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits fell to their lowest level in nearly ...Full Story»

ECB Leaves QE, Forward Guidance Unchanged (06 hr(s), 26 min(s), 47 sec(s) ago)
(RTTNews) - The European Central Bank left its key interest rates, asset purchases and forward gui ...Full Story»

South Africa PPI Inflation Slows To 8-Month Low (06 hr(s), 26 min(s), 47 sec(s) ago)
(RTTNews) - South Africa's producer price inflation eased further in march to the lowest level ...Full Story»

Sweden Economic Confidence Recovers In April (06 hr(s), 38 min(s), 47 sec(s) ago)
(RTTNews) - Sweden's economic sentiment rose in April after falling for four straight months, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Draghi Says Growth Moderation Is Broad-based, Warns Against Protectionism

04/26/2018 - 11:17 AM (RTTNews)
(RTTNews) - Eurozone growth momentum has softened since the start of the year, but is expected to ...Full Story>>

U.S. Durable Goods Orders Jump 2.6% On Continued Spike In Aircraft Demand

04/26/2018 - 09:21 AM (RTTNews)
(RTTNews) - Reflecting another jump in orders for transportation equipment, the Commerce Departmen ...Full Story>>

U.S. Weekly Jobless Claims Drop To Lowest Level Since 1969

04/26/2018 - 09:12 AM (RTTNews)
(RTTNews) - First-time claims for U.S. unemployment benefits fell to their lowest level in nearly ...Full Story>>

U.S. Durable Goods Orders Jump More Than Expected In March

04/26/2018 - 08:45 AM (RTTNews)
(RTTNews) - Reflecting another jump in orders for transportation equipment, the Commerce Departmen ...Full Story>>

U.S. Weekly Jobless Claims Drop More Than Expected

04/26/2018 - 08:38 AM (RTTNews)
(RTTNews) - First-time claims for U.S. unemployment benefits fell to their lowest level in nearly ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.