China trade balance for February: CNY 224.9bn
- expected CNY -68.9bn, prior was CNY 135.8bn
Exports y/y: 36.2%
- expected +7.4%, prior was +6.0%
Imports y/y: -0.2%
- expected 1.2%, prior was 30.2%
January and February data distorted by new year holidays. And, given the LNY distortions, let me just get the January+February numbers combined
- January+February trade balance is 362.2bn yuan
- January+February exports +18% y/y yuan terms
- January+February imports +15.2% yuan terms
USD terms data to come still
