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China Unexpectedly Posts Trade Surplus

China posted a surprise trade surplus in March, according to the latest figures published by the Customs Bureau on Tuesday.

The trade surplus amounted to $5.35 billion in March compared to a $3.15 billion deficit expected by economists. In February, the trade balance was in a deficit of $31.48 billion, the first deficit in a year and the highest since 1989.

During March, exports surged 8.9 percent year-on-year, faster than the expected 7 percent growth. At the same time, imports rose 5.3 percent, weaker than the 9 percent expansion forecast.

by RTTNews Staff Writer

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