SHANGHAI — China reported a $7.3 billion monthly trade deficit in February, its largest in seven years, after imports climbed sharply but exports lagged.
China rarely reports trade deficits, but analysts said the figures Thursday had most likely been distorted by the effects of the Lunar New Year holiday period, because many exporters had to ship in January.
The government said Thursday that imports in February had risen 19.4 percent from February 2010, but exports rose just 2.4 percent. China had reported a $6.45 billion trade surplus for January.
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