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China March exports dive as economy seen slowing further

China suffered an across-the-board decline in trade in March, the government saysChina suffered an across-the-board decline in trade in March, the government said Monday, days ahead of GDP data expected to show another slowdown in the world’s second-largest economy. Exports fell an unexpected 15.0 percent year-on-year in March to $144.57 billion, the General Administration of Customs said, while imports tumbled 12.7 percent to $141.49 billion. The monthly trade surplus, which had hit consecutive records in January and February, plummeted 60.0 percent to $3.08 billion. The poll forecast a trade surplus of $40.1 billion.

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