Latest China Trade Surplus Data Suggests Rebalancing of Chinese Economy

Just a quick update on China's March month and quarterly trade data. The part that everyone's talking about is the quarterly trade surplus of virtually zero. Pretty much a first, it got close to there in the three months to April in 2010. But more on this later. First a quick run down on the stats: Exports were up 36% y/y to $152B, Imports were up 27% y/y to $152B leaving the surplus at basically zero. On a quarterly basis exports and imports were both about $400B, down from the high of $458B and $416B respectively in the 3-months to January 2011.

http://seekingalpha.com/article/262840-latest-china-trade-surplus-data-suggests-rebalancing-of-chinese-economy