China just posted a shock trade deficit as Lunar New Year distortions wreak havoc on the data

REUTERS/Stringer China’s February trade report has stunned financial markets. Imports surged while export growth slowed, leading to a shock trade deficit being recorded. According to China’s General Administration of Customs, yuan-denominated imports jumped by 44.7% from the levels of a year earlier, easily surpassing the 25.2% growth of January and forecasts for a smaller increase […]