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

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.