Chinese Ministry of Commerce (MOFCOM) was out with some comments in the last hour to calm investor worries and said that Chinese exports have good momentum in March.
Additional quotes:
“¢ Chinese companies’ frontloaded exports last year.
“¢ Chinese exports and imports rebounded in March.
“¢ Spring festival factored in Jan-Feb trade data.
“¢ Imports, exports trade overall stable in Q1.