China's Trade Balance Saw a US$23.9B Surplus in March

China's trade balance saw a US$23.9 billion surplus in March, after a US$9.2 billion deficit in February, according to a Moody’s Analytics Alert.

Exports growth rebounded, thanks to gains in manufactured goods, steel, and clothing shipments.

Imports of raw materials also saw continued strong gains, suggesting that the domestic investment cycle continues to improve.

Reduced trade tensions with the U.S. will enable further gains in both exports and imports this year, says Moody’s.

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