China’s Economy: China ran its first monthly trade deficit in six years in March.

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China’s Economy: China ran its first monthly trade deficit in six years in March.

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With imports of commodities surging in February, China swung to a trade deficit of $7.24 billion in March from a surplus of $7.61 billion in February. The cumulative trade surplus for the first quarter of 2010 was down 77% from a year earlier, to $14.49 billion.