China Trade Data “Surprises” Bigly, Shows First Deficit In 3 Years

China Trade Data “Surprises” Bigly, Shows First Deficit In 3 Years

Wednesday begins in China, where we got highly anticipated trade data that probably shouldn't have been so highly anticipated given that seasonality makes the compare largely meaningless. But you know, whatever. Here's the breakdown: CHINA FEB. TRADE BALANCE -60.4B YUAN; EST. 172.5B YUAN CHINA FEB. IMPORTS RISE 44.7% Y/Y IN YUAN TERMS; EST. 23.1% CHINA FEB. EXPORTS RISE 4.2% Y/Y IN YUAN TERMS; EST. 14.6% And here's the version that's not all in caps (via Bloomberg): China customs adminis
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