China! Dragons swing to trade surplus, eventhough the global scenario is still severe

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china trade surplus

China posted a surprising trade surplus in March after a hefty deficit in February, but weak imports were a primary factor in the turnaround, raising fresh concern over the outlook for the world’s second-largest economy.

State television painted a cautious picture of the trade outlook, quoting Zheng Yuesheng, director of statistics at the General Administration of Customs, as saying that “the current global economic situation is severe,” with exports and imports facing “relatively big” downward risk.

Abstract from WSJ by W. Kazer and S. Hong

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