China's trade surplus down 10% in first quarter

04/10/2008 | Bloomberg1

The spreading economic slowdown has cut global consumer demand, shrinking China's quarterly trade surplus for the first time in more than three years. The trade surplus narrowed to about $41.6 billion in the three months to March 31 from a year earlier, Bloomberg News reported. Foreign direct investment almost doubled to $27.4 billion from a year earlier, the Ministry of Commerce said.

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