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China posts Feb trade deficit as imports jump

(Xinhua)

13:49, March 10, 2012

BEIJING -- China recorded a trade deficit of $31.48 billion in February, the first time in one year, as import growth far outpaced exports.

Exports rose 18.4 percent from a year earlier to $114.47 billion in February, while imports was up 39.6 percent at $145.96 billion, customs data showed Saturday.

The country's foreign trade rose 7.3 percent year-on-year to $533.03 billion in the first two months, with a combined trade deficit of $4.25 billion, the General Administration of Customs said.

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