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China's March exports unexpectedly fall 2.7 percent; rare trade deficit of $4.98 billion

Reuters  |  BEIJING 

BEIJING (Reuters) - China's March exports unexpectedly fell 2.7 percent from a year earlier, the first drop since February last year, while imports grew 14.4 percent, more than expected, customs data showed on Friday.That left the country with a rare trade deficit of $4.98 billion for the month, also the first since last February.Analysts polled by Reuters had expected March shipments from the world's largest exporter to have risen 10.0 percent, slowing sharply from a 44.5 percent spike in the previous month which was believed to be heavily distorted by seasonal factors.Import growth had been ...

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First Published: Fri, April 13 2018. 08:57 IST