China trade data: January- February yuan denominated exports +10.3% y/y | Forexlive

February trade data from China is skewed by the New Year break. YTD figures, i.e. for January and February combined, are a better guide given the moveable holiday period each year.

USD denominated numbers for the January – February months:

• Imports +3.5% (expected +1.5%
• exports +7.1% (expected +1.9%)
• trade balance 125.2bn USD (expected +103.7 bn USD)

Better than expected figures for both imports and exports are a welcome result.

Yuan denominated:

• imports +10.3% y/y
• exports +10.3% y/y
• trade balance 890.87bn surplus

Chinese equities are showing minor gains: