Trademagazin > News and articles > Market News > Deficit occured in China's foreign trade – for the first time in 6 years
Deficit occured in China's foreign trade – for the first time in 6 years
China's foreign trade balance showed a 7.24 billion dollar a deficit in March, for the first time since April 2004.
In March, Chinese exports increased by 24.3, imports by 66.0 percent on an annual level. In February, Chinese exports increased in much greater extent, grew by 45.7 percent, compared with the same month of the last year. The spectacular import increase of March indicates the upturn in domestic demand and the growing demand for raw materials – reports profitline.hu, after MTI.
Related news
More related news >
Related news
KSH: retail turnover in November exceeded the same period of the previous year by 4.1 percent and the previous month by 0.6 percent
In November 2024, the volume of retail trade turnover increased…
Read more >NGM: Public confidence is apparently starting to return
The government is working to improve the economy so that…
Read more >Fidelity Outlook 2025: The US is ready for reflation
The Republicans’ landslide victory in the November election has significantly…
Read more >