China posts trade deficit in March

Wednesday 10 April 2013

Chinese exports are out for March and show several unexpected results (or “shocks” as they say). Exports missed consensus at 10% growth versus 11.7% expected. Imports missed much bigger posting 14.1% versus 6% expected.

Hence we have a trade deficit for Macrh of 0.88 billion versus an expected surplus of $15 billion.

Chump change between friends!

Dollar loved it, piling on half a cent, for no obvious reason.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.