China's Imports Drop 20% Explaining PBoC Action; China Watchers Clueless
February 09, 2015 at 05:15 AM EST
China's trade report this weekend was dismal. Exports dropped 3.3% vs. economists' consensus of a 6.3% increase from last year. That is a 10% miss, demonstrating that the global community of professional China watchers do not have a clue about the nation's trade dynamics.
