Tuesday, April 10, 2007

China's trade surplus plunges, seen as an anomaly

(Reuters) - Annual export growth swung to a five-year low of 6.9 percent from 51.7 percent in February, customs data showed on Tuesday, as exports of products ranging from clothing to furniture plummeted.

"My guess is that Chinese exporters rushed to export in the first two months because of concerns over reductions in export tax rebates, leaving them with fewer goods to ship in March," said Zhang Yongjun, an economist with the State Information Center in Beijing.


Read more at Reuters.com Business News

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