China Trade Balance Rose In March
(For March 2011)
China trade balance was reported at USD 0.14 billion vs. USD -7.3 billion in February and USD -3.4 billion consensus. Export and import growth were running at 35.8 and 27.3 percent vs. 2.4% and 19.4% y-o-y in February
For Q1 2011, exports and imports rose by 26.5% y-o-y and 32.6% y-o-y, with the trade deficit atUS$1bn.
Better than consensus, but high commodity prices clearly kicking in.
