China posts terrible trade data

Monday 15 February 2016

Lordy! China has posted January trade data and it ain’t pretty with imports in at -18.8 versus expected of -3.6% and exports in at -11.2% versus -1.8%:

The trade balance roared to record high of $63.3bn:

One must be careful with interpreting the first two months of data given the seasonal issues around CNY, still…

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.