Via a spokesman for China’s Customs Bureau
- says the high comparison base will bring challenges to trade growth in Q2 of this year
USD denominated exports +30.6% y/y in March
- imports +38.1% y/y
Yuan denominated exports +20.7% y/y
imports +20.7% y/y
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That big jump in imports is likely an indication of improving domestic demand, which has been a little MIA during the recovery.
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