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China sees first monthly trade deficit in three years

Imports surge more than expected as construction booms, suggesting domestic demand is resilient

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As the government ramps up infrastructure spending and developers rush to complete new housing projects, steel mills are hoovering up more iron ore and coking coal to meet demand.

Beijing

CHINA unexpectedly posted its first trade deficit in three years in February as imports surged far more than expected to feed a construction boom, driven by commodities from iron ore and copper to crude oil and coal.

The upbeat import reading reinforced the growing view

sentifi.com

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