China's exports slumped 6.6 per cent year-on-year to over 170 billion US Dollars in March, raising freshconcerns over the health of the trade sector and strength of the country's slowing down economy.According to the General Administration of Customs (GAC), imports were down 11.3 per cent to over 162 billion US Dollars in March 2014 and total foreign trade volume declined 9 per centto over 332 billion US Dollars during the period.However,the trade balance returned to a surplus of 7.71 billion Dollars in March after a deficit of 22.98 billions in the previous month.Exports in March last year were significantly inflated by rampant over-invoicing to disguise capital flows, sending exports up by more than 20 per cent year-on-year in the first quarter of 2013.The figures also showed that China's total foreign trade volume declined by one per cent year-on-year to 965.88 billion dollars in the first three months.China set a trade growth target of 7.5 per cent this year, lower than the 8 per cent aimed for 2013 and actual expansion of 7.6 per cent. Chinese Premier Li Keqiang ruled out major stimulus to fight short-term dips in growth, even as big falls in imports and exports data reinforced forecasts that the world's second-largest economy has slowed notably at the start of 2014.Li stressed today that job creation was the government' policy priority, and it did not matter if growth came in a little below the official target of 7.5 percent.