China Trade Surplus Crashes As Exports & Imports Collapse In March!

• World economy is in BIG trouble. Don’t let the lying MSM tell you otherwise.
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• China Trade Surplus Crashes As Exports & Imports Collapse In March!
  by Tyler Durden, www.zerohedge.com  
  Forget the weather, it must be the smog. China just announced total carnage in its trade data for March:
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  * CHINA’S MARCH IMPORTS FALL 12.3% Y/Y IN YUAN TERMS; EST. -11.3%
  * CHINA’S MARCH EXPORTS FALL 14.6% Y/Y IN YUAN TERMS; EST. +8.2%
  * CHINA’S MARCH TRADE SURPLUS 18.16 BILLION YUAN; EST 250B YUAN
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  So what exactly was the Chinese stock market ‘discounting’?
  Trade Surplus collapses… (economists knew about year-end and forecast +250bn!!!)
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  In US Dollars the picture is worse… 
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  * CHINA’S MARCH EXPORTS FALL 15.0% FROM YEAR EARLIER
  * CHINA’S MARCH IMPORTS FALL 12.7% FROM YEAR EARLIER
  * CHINA’S MARCH TRADE SURPLUS $3.08 BILLION
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  read more!

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