China unexpectedly posted a trade deficit in February as export growth slowed sharply and was significantly outpaced by imports, according to official data released Thursday.
The nation swung to a trade deficit of $7.3 billion in February in the wake of the Lunar New Year holidays, after reporting a trade surplus of $6.5 billion in January. The deficit was China’s largest in seven years, according to Reuters.
The nation swung to a trade deficit of $7.3 billion in February in the wake of the Lunar New Year holidays, after reporting a trade surplus of $6.5 billion in January. The deficit was China’s largest in seven years, according to Reuters.
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