ICYMI, China January trade data posts with the data are here:

OCBC making the same point I've made four times so far today, to be aware of the holiday-induced distortions:

  • The robust January number was most likely boosted by the holiday factor, rather than an improvement in economic fundamentals

OCBC add more:

  • The strong January number would also signal that February could be weaker than expected. Overall, the trade outlook in 2019 is facing pressure due to uncertainties in the trade talks and the global economy.

via Bloomberg report