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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.