Financial Wire

China's Trade Balance Weakens in March

-- China's balance of trade saw a surplus of $51.13 billion in March, according to data from Customs released Tuesday.

The figure was weaker compared with a $213.62 billion surplus in February, and missing analsyts' estimates of $107.5 billion during the month, according to a report by Investing.com.

Exports jumped 2.5% year over year to $321 billion during the month, Customs said. The growth rate missed a forecast of 8.3%, Investing.com reported.

Imports soared 27.8% year over year to $269.9 billion during the month, exceeding expectations, and up from a 19.8% rise seen in the January-February period, according to multiple media reports.

The balance of trade for the quarter reached $264.3 billion.

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