中国3月贸易平衡：在进口激增的情况下，顺差急剧萎缩。中国3月贸易平衡：在进口激增的情况下，顺差急剧萎缩

China's March Trade Balance: Surplus shrinks sharply amid massive Import surges.China's March Trade Balance: Surplus shrinks sharply amid massive Import surges

中国出口下滑，进口激增，贸易顺差大幅萎缩。中国3月份的贸易数据显示，进出口之间存在巨大差异，国内需求保持不变，而外部势头令人失望。

China exports miss, imports surge as trade surplus shrinks sharply.China's March trade data showed a sharp divergence between imports and exports, with demand holding up domestically while external momentum disappointed expectations.

一些中国贸易数据逐渐浮出水面。第一季度贸易数据显示进口激增，出口保持稳定。海关数据显示，中国第一季度以人民币计价的进口同比增长19.6%，出口同比增长11.9%。贸易总额（进口+出口）有史以来首次超过11万亿元人民币，增长速度为五年来最快。

Some China trade data dribbling out. Q1 trade data shows imports surge, exports stay firm.China's yuan-denominated imports rose 19.6% year-on-year in the first quarter, while exports increased 11.9%, according to customs data. Total trade (imports + exports) exceeded CNY 11 trillion for the first time on record, with growth marking the strongest pace in five years.

中国：以创新为导向的行业仍然是焦点——汇丰银行。中国：以创新为导向的行业仍然是焦点——汇丰银行

China: Innovation-led sectors stay in focus – HSBC.China: Innovation-led sectors stay in focus – HSBC