China Reports Rare Trade Deficit as Imports Jump - by Joe McDonald

China reported its biggest monthly trade deficit in at least a decade in February as imports rebounded after a Lunar New Year holiday slowdown, but a broader measure showed global and Chinese demand both weakening.

Exports grew 18.4 percent over a year earlier to $114.5 billion, up from a 0.5 percent contraction in January, when factories were idled for a two-week holiday break, customs data showed Saturday.

Imports jumped 39.6 percent to $145.9 billion, reviving after the previous month's 15 percent decline.
China's global trade deficit was $31.5 billion — the biggest since at least the 1990s and a rare exception to a recent string of multibillion-dollar surpluses.

For more: China Reports Rare Trade Deficit as Imports Jump - ABC News