According to press reports, the country reported its first monthly trade deficit in three years, after imports surged and a slowdown during the Lunar New Year holidays hit output.
Higher commodity prices and domestic demand were credited with pushing February’s imports up 38.1% on a year earlier.
But exports unexpectedly fell 1.3%, giving a trade deficit of $9.2 billion for the month.
China’s monthly imports last exceeded exports in February 2014.
Analysts polled by Reuters had forecast China would have a monthly trade surplus of $25.8 billion.
Nigel Belle, Readers Bureau, Fellow
Edited by Jesus Chan
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