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China posts surprise trade deficit for March

April 10, 2013 3:26 AM
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China posts surprise trade deficit for March

LOS ANGELES (MarketWatch) — China swung to a trade deficit of $880 million in March, the General Administration of Customs reported Wednesday, as imports surged 14.1% from a year earlier.

The deficit, which followed February’s $15.3 billion surplus, missed a forecast for a surplus of $14.7 billion from a Dow Jones Newswires survey and a $15.2 billion projected surplus tipped by Bloomberg News.

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