![\"AP](\"http:\/\/static.businessinsider.com\/image\/4b4b99a800000000001e7b4a-400-\/ap-china-wind.jpg\")
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A Chinese commerce minister thinks that March data, when it comes out, could show that China has lost its export surplus and has a trade deficit.<\/p>\n
Reuters:<\/a><\/p>\n “A country’s currency appreciation is very limited in helping to rebalance global trade,” he said. “I personally expect that China could possibly have a trade deficit in March.”<\/p>\n On the one hand such a forecast could be seen as a defense against global criticism of China’s trade practices.<\/p>\n But on the other hand if it was simply a made-up excuse rather than an authentic forecast, the minister would have probably chosen a time period further out.<\/p>\n We’ll know pretty soon whether ot not his forecast is correct, and if indeed Chine reports a trade deficit then the nation will be freed from a substantial amount of international pressure on the trade front. Except with the U.S., of course, where the China-U.S. trade surplus probably has little chance of disappearing any time soon.<\/p>\nDon’t miss: Why the Chinese real estate bubble is the most obvious bubble ever ><\/a><\/strong><\/h3>\n