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China recorded an unexpected trade deficit of $22.98 billion in February, official figures showed Saturday, with authorities blaming the country's holiday season for the weak performance. 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. Analysts played down the deficit -- China's first in 11 months -- saying improving foreign demand bodes well for the country's trade this year.
Saul "Canelo" Alvarez returns to the ring after suffering his first career loss to Floyd Mayweather, fighting on Saturday on a card that includes two Mexican compatriots defending world titles. Former World Boxing Council and World Boxing Association champion Alvarez, 42-1-1 with 30 knockouts, will face countryman Alfredo Angulo, 22-3 with 18 knockouts. Alvarez, whose nickname means "cinnamon" in Spanish, lost a majority decision and his crowns to unbeaten US star Mayweather last September. "I learned a lot from fighting Floyd, but I'm ready to get back in the ring to maintain the path that I was on before," Alvarez said.