Dollar-denominated exports from China saw a YoY decrease of 20.7% in February, far deeper than the expected fall of just 4.8%, according to a Reuters poll. The drop was even more pronounced for imports into China, which fell by 19.5%. However, the director of Eastspring Investments, Sarah Lien, stated a lot of headwinds had indicated a slowdown in China and globally, particularly given the trade war with the US.
Dollar-denominated exports from China saw a YoY decrease of 20.7% in February, far deeper than the expected fall of just 4.8%, according to a Reuters poll. Furthermore, China's trade balance for the month was also worse than expected at $4.12bn, as opposed to the forecast $26.38bn. However, the director of Eastspring Investments, Sarah Lien, stated a lot of headwinds had indicated a slowdown in China and globally, particularly given the trade war with the US.