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Update: China Records First Monthly Trade Deficit in 13 Months

A truck transports containers to be shipped abroad at the Port of Qingdao, in east China's Shandong province, on April 13, 2018. Photo: IC
A truck transports containers to be shipped abroad at the Port of Qingdao, in east China's Shandong province, on April 13, 2018. Photo: IC

China’s trade deficit reached nearly $5 billion in March, a turnaround from a surplus of $33.5 billion last month, customs data showed Friday, marking the first monthly deficit since February 2017.

China’s inbound goods shipments rose 14.4% year-on-year to $179.1 billion in March, while its exports dropped 2.7% to $174.1 billion, according to data from the General Administration of Customs.

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