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China went into an unexpected trade deficit of $22.98 billion in February, official figures showed Saturday. The figure compared with a surplus of $14.8 billion in the same month last year, and a median forecast of an $11.9 billion surplus in a poll of 13 economists by Dow Jones Newswires. Exports fell 18.1 percent to $114.10 billion, while imports were up 10.1 percent to $137.08 billion during the month, which included most of the Lunar New Year holiday, the General Administration of Customs said. In the first two months of the year, China's exports were down 1.6 percent year-on-year to $321.23 billion and imports rose 10 percent to $312.34 billion, it said.
LAS VEGAS (AP) — Joey Logano believes two facts are abundantly clear after he emerged from the organized chaos of NASCAR's first three-round knockout qualifying session Friday with the pole position at Las Vegas Motor Speedway.