China in quarterly trade deficit

Containers at China portSurging exports have powered China’s economic growth in the recent years.

China has posted its first quarterly trade deficit in seven years, as it continues efforts to rebalance its economy.

The deficit for the first three months of the year stood at $1.02bn (£622m), according to the latest data by the General Administration of Customs.

For the month of March, the country reported a tiny trade surplus of $140m.

China has been trying to boost domestic demand after criticism of its export-led growth policy over the past years.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

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