China trade way above estimates; massive jump in exports (Barcelona) - China trade balance numbers for the month of February came much stronger than expected at +$15.25b vs -$6.9b expected and $29.20b prior. The increase in exports, up 21.8% (YoY) was the main contributor as only a +10.1% increase was expected, with last read-out at +25.0%. Imports fell by 15.2% vs -8.8% expected and +28.8% prior, also helping to inflate even more the final trade number. The number is significant as there is no appreciation of holiday's distortion.

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