China Posts Ridiculous Trade Surge On Base Effects, Demand Recovery
What do you get when you combine pent-up demand abroad, a maturing domestic recovery, and base effects from a catastrophe?
If you're looking at Chinese trade data, you get a 155% YoY jump in exports in February, or nearly 61% for January and February combined.
The charts will never be the same. Henceforth, we'll have to adjust the y-axis or else circle the spike in red and mark it "COVID distortions."
That's difficult to parse, but it gets easier when you compare the January-February period
