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China records trade surplus after coronavirus lockdown eases

China’s exports fell 3.5 per cent year-on-year in March, marking a modest rebound for the country’s trade sector after steep falls in January and February owing to the global coronavirus pandemic.

First-quarter value of trade were down 6.4 per cent year-on-year in renminbi terms, according to data released by China’s customs administration on Tuesday.

The country also recorded a trade surplus of $18.5bn for the month, compared with a deficit of $7.1bn in January and February.

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