FAST FIVE: China Exports Jump By Most Ever As Global Economy Redlines
The reason why Jan and Feb are lumped together is that the first two months are normally volatile for China's economic activity because of the week-long Lunar New Year holiday, which fell in February this year.
We await the latest US trade data to see if these two series will eventually converge.
By major export category, “working from home” related exports and Covid-19 related personal protection products remained strong in January-February.
The decline in crude oil imports narrowed to -19.6% yoy from -43.2% yoy in December and iron ore imports rose 60.9% yoy, vs.
In volume terms, crude oil imports rose 4.1% yoy, vs.