China registered a slightly surprising trade deficit in March, but it was probably a fluke. The Lunar New Year played a big role in it. The country is expected to return to surplus in April.
But make no mistake, the country’s imports are simply on a tear, and any suggestion that the country is slowing down its imports of key industrial commodities like steel, iron ore, and oil is off the mark.
A report put out today by JPMorgan analyst Jang Ulrich goes through the numbers, but this table basically tells the story:
Business Insider Emails & Alerts
Site highlights each day to your inbox.