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February 15, 2015

Global Economic Analysis and News of Note

  • The Chinese trade surplus increased to $60 billion in January as imports dropped 19.9 percent from January 2014 to January 2015 and exports declined just 3.3 percent year-over-year. Lower prices on coal and oil contributed to the negative report on imports. The January trade reading was a record high, but reflects a “cooling of China’s economic growth engine,” The Financial Times said.