BLOOMBERG.COM
Economists said the results were skewed by the week-long Lunar New Year holidays that shutter factories and ports across the nation. The holiday occurred in February 2016 versus late January this year, distorting base year comparisons. Taking January and February data together, the imports figures suggest resilient domestic demand while exports are getting a boost from an improving global outlook.
Economists said the results were skewed by the week-long Lunar New Year holidays that shutter factories and ports across the nation. The holiday occurred in February 2016 versus late January this year, distorting base year comparisons. Taking January and February data together, the imports figures suggest resilient domestic demand while exports are getting a boost from an improving global outlook.
The world’s largest exporter faces more challenges and uncertainties. President Donald Trump has accused China of unfair trade practices and is now in a position to carry out threats, with Commerce Secretary Wilbur Ross sworn in. Measures will be announced “as soon as we have a proper case,” Ross said in a Bloomberg Television interview last week.
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