China posts unexpected trade surplus.

China's trade surplus fell to $15.25B in February from $29.15B in January but beat expectations for a deficit of $7.75B. Exports jumped 25% and imports dropped 8.8%. As the data is distorted by the Chinese New Year, analysts look at January and February combined, when exports rose 23.6% and imports 5%. However, while exports have been improving, says Goldman Sachs' Song Yu, "it is not strong enough to sustain the robust growth we saw in February."