Chinese trade data disappoints

Thursday 10 April 2014

Chinese trade data for March has been released, and it has disappointed analyst’s expectations.

Exports fell by 6.6% year-on-year in March, versus consensus expectations of a 4.8% rise.

Imports fell too, down 11.3% year-on-year in March, versus expectations of a 3.9% increase.

The result also disappointed Chinese markets, with the Hang Seng China Enterprises Index (HSCEI) suffering its biggest drop in three weeks, according to Bloomberg.

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.