China Trade Surplus Dip Is No Omen

The 38% decline in March likely was a function of a pre-tax surge in winter exports; China's first-quarter surplus still nearly doubled

Sometimes Chinese economic data will surprise economists and traders by diverging slightly from consensus forecasts. Yet it is quite rare for the money pros to be off by $13 billion. That's pretty much what happened on Apr. 10, when China reported that its March trade surplus fell 38% year-on-year to $6.87 billion, while most economists were expecting a jump to $20 billion.

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