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China reported an unexpected trade surplus last month as import growth trailed forecasts, underscoring risks of a deeper slowdown in the world’s second-largest economy.
Inbound shipments increased 5.3 percent, the customs bureau said today, below the 9 percent median estimate in a Bloomberg News survey. Exports rose 8.9 percent from a year earlier, more than forecast, leaving a trade surplus of $5.35 billion, compared with a median projection for a $3.15 billion trade deficit. Margaret Conley reports from Shanghai on Bloomberg Television's "First Look" with Caroline Hyde. (Source: Bloomberg)
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