China’s exports rose less than forecast for the first time in four months, fueling concerns about the outlook for trade as the government said it’s investigating reports of inflated figures.
Shipments abroad increased 10 percent in March from a year earlier, the customs administration said today in Beijing, while imports rose by an above-forecast 14.1 percent, leaving an unexpected trade deficit of $880 million. An “astounding” 92.9 percent jump in exports to Hong Kong, the most in 18 years, raises questions on data quality, researcher IHS Inc. said.
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Xin Zhou, Bloomberg News via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/VVPAmgDY_eQ/
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