Imports: Imports are goods or services brought into one country from another country for sale or use. In the context of China's markets, imports would be products coming from other nations.
Exports: Exports refer to goods or services produced domestically that are sold in foreign countries. In relation to China's markets, exports would be Chinese-made products being sold abroad.
Trade deficit: Trade deficit occurs when a country imports more than it exports, resulting in an imbalance between its imports and exports. This term is relevant to China's markets as it reflects the difference between what China buys from other nations and what it sells internationally.