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.
http://seekingalpha.com/article/257487-china-international-trade-review-february-2011
Thursday, March 10, 2011
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