This morning data from the Chinese mainland showed that the trade surplus dropped to $20.3 billion from a more usual $54.7 in December because the value of imports surged by 30.2 per cent. Exports rose too, but by a more modest 11.1 per cent. Analysts have suggested that the reasons behind this shift might be due to the week-long Lunar New Year holiday which starts on the eve of Friday the 15th February. This also might add to skittish financial markets in the country.
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