Bloomberg reports that:
China’s exports fell for a fifth month in March....
Overseas sales declined 17.1 percent to $90.29 billion from a year earlier, the customs bureau said on its Web site. Imports dropped 25.1 percent, leaving a trade surplus of $18.56 billion.
The export decline was less than February’s record 25.7 percent drop.
I haven't blogged much about China in the last few months. The reason is pretty straightforward: I don't believe their statistics.
In the face of a 20%-25% collapse in their export machine, we're supposed to believe that China's economy is still growing at a 6% or more clip? I don't think so.