China February exports tumble unexpectedly

“China’s exports unexpectedly tumbled in February, swinging the trade balance into deficit and adding to fears of a slowdown in the world’s second-largest economy despite the Lunar New Year holidays being blamed for the slide.  The sharp drop in exports follows a series of factory surveys since the start of 2014 that point to weakness in economic activity as demand falters at home and abroad.  Exports in February fell 18.1 percent from a year earlier, following a 10.6 percent jump in January.  That compares with market expectations in a Reuters poll of a rise of 6.8 percent in exports.”

http://www.reuters.com/article/2014/03/10/us-china-economy-trade-idUSBREA2705S20140310

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