World Economy

China Trade Deficit Widens

China Trade Deficit WidensChina Trade Deficit Widens

China’s trade deficit in services widened to $21 billion in March from February’s $16 billion, the foreign exchange regulator said on Wednesday, Reuters reported. March’s gap was largely led by a $19.1 billion gulf in spending between Chinese who spent more abroad than foreign tourists did in China, data from the State Administration of Foreign Exchange showed. In the first three months, the services trade deficit stood at $57.7 billion yuan. China had a $24.6 billion surplus on trade of goods in March, according to SAFE data.