China released its trade statistics as of March today.
- Exports dropped 15% y/y in March and imports dropped -12.7% for the same period. Trade balance dropped to just $3.08 billion, compared to $60.62 billion prior.
- Exports rose 15% for the first two months and import fell by 20% for the first two months of the year.
- For the first two months till February, Chinese exports to Russian Federation declined sharply by -26.8%, followed by Hong Kong at -5.4%.
- For the first two months till February, Imports declined sharply South Africa -52.4%, followed by Indonesia (-52.1%), New Zealand (-41.8%), Brazil (-38.1%), India (-37.8%), Russian Federation (-34.4%) and Australia (-28.7%).
Chinese main stock index, CSI300, is taking no note of such gained another 2.3% today. CSI300 is now trading at 4126.
Chinese Yuan, lost 0.12% today, trading 6.2154 against dollar.
Australia and New Zealand's currencies took hit over weaker imports from China. Commodities price drop and China slowdown is weighing on price. Aussie is trading at 0.76 against dollar, down -0.77% today. Kiwi is down -0.5% today trading at 0.747.
Bears remain at large in both of these pairs.


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