Heard on the Street: China's trade conflict with the U.S. is now really starting to bite
This time of year, the Chinese economy resembles a poorly kept barnyard. Dogs, pigs and even dragons run roughshod over the data.
China’s apparently frightening drop in exports in February—down 20.7% on the year—is a classic example. Western countries follow the Gregorian calendar, but China’s most important holiday follows the lunar calendar. In turn, the shifting weeklong Lunar New Year holiday makes year-over-year comparisons of economic data in January, February and sometimes even March tricky.
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