February trade data published in China this morning show that the trade surplus collapsed from 271 billion yuan to just 34 billion; this is linked to seasonality around the Lunar New Year holiday. Imports dropped by 5.2 per cent, following January’s 1.5 per cent decline, while on an annualised basis exports fell by 20.7 per cent; this is almost as bad as the record 26.4 per cent slump in 2009.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis