China just reported its February international trade figures, showing a -$7.3 billion deficit as seasonal factors bit into trade volumes. Exports rose about 2% year on year (falling some -36% month on month), while imports rose almost 20% year on year (also falling -28% compared to January). The key driver of the result was the spring festival (Chinese Lunar New Year) holiday celebrations, with factories shutting down, and workers heading home to their families.
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5 hours ago