. >> we had abysmal trade data out of china. exports fell to the lowest level since 2009. >> this latest figure out of china, there are seasonal distortions, but significant numbers are down. exports are down 25%. we were expecting 14.5% down. it is significantly worse. january was down 11%. this is the eighth consecutive month we have seen falling exports. >> we have to treat february with caution. that applies to the export numbers. part of the issue is it's not just factories shut down for a week. last year, the holiday was at the end of february and there was a rush to get trade done. this year, it came at the start of the month. all of that said, i think there is a feeling the numbers feel downbeat. there is a challenge ahead. it will embolden those were calling for depreciation. this goes to show it will take significant exchange rate devaluation for china to change exports. when you consider the commentary from the authorities, look for more on the stimulus side. look for more from the central bank did look for more in te

shery ahn: we had abysmal trade data out of china. exports fell to the lowest level since 2009.t was during the global financial crisis. >> this latest figure out of china for february, yes, there are seasonal distortions, but significant numbers are down. exports are down 25.4%. we were expecting the median 14.5% down. so it is significantly worse than that. january was down 11.2%. this is the eighth consecutive month we have seen falling exports year over year. >> because of the lunar holiday, we have to treat february with caution. part of the issue is, not just of course that factories should end the week. the data is also skewed. last year, the holiday was at the end of february and there are rest to get trade down. there was a rush in exports. this year, the lunar holiday came at the start of the month. so with that distortion, i think there is a feeling the numbers feel downbeat. just goes to show you there is a challenge ahead. we have numbers like this, it will embolden those were calling for depreciation. this goes to show it will take really significant exchange rate

shery ahn: we had abysmal trade data out of china. exports fell to the lowest level since 2009.t was during the global financial crisis. >> this latest figure out of china for february, yes, there are seasonal distortions, but significant numbers are down. exports are down 25.4%. we were expecting the median 14.5% down. so it is significantly worse than that. january was down 11.2%. this is the eighth consecutive month we have seen falling exports year over year. >> because of the lunar holiday, we have to treat february with caution. is, not justssue of course that factories should end the week. the data is also skewed. last year, the holiday was at the end of february and there are rest to get trade down. there was a rush in exports. this year, the lunar holiday came at the start of the month. so with that distortion i think , there is a feeling the numbers feel downbeat. just goes to show you there is a challenge ahead. we have numbers like this it , will embolden those were calling for depreciation. this goes to show it will take really significant exchange rate devaluation

shery ahn: we had abysmal trade data out of china. exports fell to the lowest level since 2009.t was during the global financial crisis. >> this latest figure out of china for february, yes, there are seasonal distortions, but significant numbers are down. exports are down 25.4%. we were expecting the median 14.5% down. so it is significantly worse than that. january was down 11.2%. this is the eighth consecutive month we have seen falling exports year over year. >> because of the lunar holiday, we have to treat february with caution. part of the issue is, not just of course that factories should end the week. the data is also skewed. last year, the holiday was at the end of february and there are rest to get trade down. there was a rush in exports. this year, the lunar holiday came at the start of the month. so with that distortion, i think there is a feeling the numbers feel downbeat. just goes to show you there is a challenge ahead. we have numbers like this, it will embolden those were calling for depreciation. this goes to show it will take really significant exchange rate

trading on rhetoric. reality does not justify the high prices yet. >> we had abysmal data out of china. exports fell to the lowest level since 2009. >> this latest figure out of china, there are seasonal distortions, but significant numbers are down. exports are down 25%. we were expecting 14 5% down. it is significantly worse. january was down 11%. this is the eighth consecutive month we have seen falling exports. >> we have to treat february with caution. that applies to the export numbers. part of the issue is it's not just factories shut down for a week. last year, the holiday was at the end of february and there was a rush to get trade done. this year, it came at the start of the month. all of that said, i think there is a feeling the numbers feel downbeat. there is a challenge ahead. it will embolden those were calling for depreciation. this goes to show it will take significant exchange rate devaluation for china to change exports. when you consider the commentary from the authorities, look for more on the stimulus side. look for more from the central bank did look for more in te

trading on rhetoric. reality does not justify the high prices yet. >> we had abysmal data out of china. exports fell to the lowest level since 2009. >> this latest figure out of china, there are seasonal distortions, but significant numbers are down. exports are down 25%. we were expecting 14 5% down. it is significantly worse. january was down 11%. this is the eighth consecutive month we have seen falling exports. >> we have to treat february with caution. that applies to the export numbers. part of the issue is it's not just factories shut down for a week. holiday was at the end of february and there was a rush to get trade done. this year, it came at the start of the month. i think thereid, is a feeling the numbers feel downbeat. there is a challenge ahead. it will embolden those were calling for depreciation. this goes to show it will take significant exchange rate devaluation for china to change exports. when you consider the commentary from the authorities, look for more on the stimulus side. look for more from the central bank did look for more in terms of bank lending to get the