US-China trade war ‘still within control’, Beijing says, as trade gap widens due to soaring Chinese exports



Finbarr Bermingham & Orange Wang| South China Morning Post

  • March data shows exports soared while imports crashed, with analysts suggesting the government is subsidizing exports to counter the effect of US tariffs
  • Exports grew by 14.2 per cent in March, a big jump from the 20.8 per cent fall in January and February, while exports contracted by 7.6 per cent

The US-China trade war is “still within control”, said a Chinese government spokesman, as the country’s trade surplus widened significantly in March.

Exports soared while imports crashed, new data released on Friday showed, with analysts pointing to the seasonal distortions of the Lunar New Year holiday, as well as possible Chinese government intervention in the economy.

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