Daily Kickstart (“I Had Some Bad Chinese”)

We're gonna need a weaker yuan. Data out Friday showed China's exports falling 6.1% y/y in dollar terms, well more than the 4% decline economists predicted. Imports rose 3.1%. The trade surplus for the month came in at $40.8 billion, lower than consensus ($47.6 billion). (Chart: Bloomberg) "External demand remains sluggish," Wen Bin, a researcher at China Minsheng Banking Corp. in Beijing told Bloomberg. "The outlook for exports this year doesn’t look very promising." No it doesn't. Not