China trade miss due to lunar new year, weak global demand

FXStreet (Bali) - A Chinese customs spokesman is crossing the wires, following the downbeat trade balance figures in the country noting that the March trade data miss was due to the impact of lunar new year, weak global demand.

The spokesman also said that "exporters are facing higher labour costs, yuan exchange rate", while also referring to the drop in imports by saying that "they weakened as economy faces relatively large downward pressure."