(USD terms) China trade balance (Feb): USD +33.74bn (expected -5.7bn)

Trade balance for Feb. a surplus of 33.74bn USD

• expected -5.7bn, prior was $ 20.35bn

Exports: 44.5% y/y

• expected 11.0%, prior was 11.1%

Imports: +6.3% y/y

• expected is 8.0%, prior was 36.8%

I posted the yuan terms a little earlier .... and ...

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 exports +24.4% y/y USD terms
• January+February imports +21.7% USD terms