China March trade data signals strengthening recovery

China saw a mild trade deficit of US$884 million (HK$6.9 billion) in March as a forecast-busting 14.1 per cent year on year surge in imports eclipsed export growth of 10 per cent, signalling that domestic demand was gathering the steam needed to drive economic recovery.

Customs Administration data on Wednesday showed import growth far in excess of the 5.2 per cent expected, while exports fell just short of the 10.5 per cent rise forecast in the benchmark Reuters poll.

via Business feed http://www.scmp.com/business/economy/article/1211381/china-march-trade-data-signals-strengthening-recovery