Trade surplus dropped in February

The weak economy in the United States and the severe winter storm had significantly slowed down China’s exports in February. China’s customs bureau reported the trade surplus in February was $8.6 billion, which is a dramatic decrease from $23.7 billion compared to the year before.  

However, rebound is expected in March. JP Morgan’s chairwoman of China equities said “We expect the export figures to rebound in March, but continue to anticipate a more moderate slowdown in export growth over the course of the year.”