China reports first quarterly trade deficit in six years

BEIJING: China on Sunday reported a surprise quarterly trade deficit of $1.02 billion, the first in six years as it settles to rebalance its export oriented economy to boost domestic consumption in the next five years.The $1.02 billion deficit from January to March this year was in contrast to trade surplus of $13.91 billion in the first quarter of last year, according to figures released by the General…

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China reports first quarterly trade deficit in six years

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