02-15-2016, 02:36 PM
China has released its trade figures for January and they’re not good. Exports down 6.6% (year-on-year in yuan terms) compared with forecasts of +3.6% Imports down 14.4% compared with 1.8% Trade surplus up to 406bn yuan against a forecast of 389bn... The China trade figures look even worse in dollar terms which put exports down 11.2% in January compared with the same month in 2015, while imports were down a thumping 16.6%, the General Customs Administration said today. However, officials said they expected the downward pressure on exports would begin to ease by the second quarter of this year.
That's pretty bad..