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M. Continuo

China to post $8 billion trade deficit in March: Wen


    BEIJING (Reuters) - China will probably run a trade deficit of more than $8 billion in March, state media said on Tuesday, citing Premier Wen Jiabao.

    It would be China's first monthly trade deficit since April 2004.

    Many in the market think that Beijing will want to see several sustained months of strong export growth before allowing yuan appreciation, so a deficit in March could fuel expectations that China will hold the currency steady for a while longer.

    (Reporting by Simon Rabinovitch; Editing by Ken Wills)