China: Trade Balance Below Expectations – Deutsche Bank
Research Team at Deutsche Bank, suggests that the China’s trade balance
printed a little below expectations in March with a surplus of
$US29.86bn versus consensus expectations of a $US34.95bn outturn.
“Exports growth was a touch stronger than expected at 11.5% yoy (versus 10.0% expected by the consensus), while imports fell less than expected (-7.6% yoy versus 10.1% yoy). The strong seasonality in the data this time of year make it, unfortunately, very difficult to draw any strong conclusions out of one month’s results.”