China MOFCOM: Imports and exports trade are overall stable in Q1

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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.

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