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Chinese trade balance below forecast
In February, China registered a trade balance deficit in the national currency. As it became known, the trade balance decreased by CNY 60.4 billion. Economists had expected an increase in the foreign trade of CNY 172.5 billion. In January, the trade surplus amounted to CNY 354.4 billion
Data on the trade balance, published by the People's Bank of China, reflect the difference in exports and imports of goods and services.
Exports from China increased by + 4.2%, which is lower than economists' forecast of + 14.6% and the previous value + 15.9%.
Imports to China in January increased by 44.7%, after rising 25.2% prior. Economists had expected an increase of 23.1%.
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