China launches iron ore exchange


Exchange launched in China to ensure supplies and good value

An iron ore trading platform made its China debut on Tuesday as the world's biggest buyer of the commodity sought to enhance its price-setting influence.

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Nation had a surplus of $5.35b in March after a deficit in Jan and Feb


Nation had a surplus of $5.35b in March after a deficit in Jan and Feb

China's foreign trade posted a slower growth rate in March, and imports witnessed lower-than-expected growth, indicating weakening demand and backing up calls for more measures to boost imports.

China's year-on year export growth slowed from 18.4 percent in February to 8.9 percent in March, according to statistics released on Tuesday by the General Administration of Customs.

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China swung back to trade surplus


China swung back to trade surplus.

BEIJING - China swung back to trade surplus in March from February's deficit of $31.48 billion, posting $670 million trade surplus in the first quarter, the General Administration of Customs (GAC) said Tuesday.

The country's foreign trade in March rose 7.1 percent year-on-year to reach $325.97 billion, with a trade surplus of $5.35 billion.

Exports amounted to $165.66 billion in March, up 8.9 percent year-on-year, while imports reached $160.31 billion, the GAC data showed.

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