Economics

China’s Trade Likely Shrank in January Ahead of Holiday Shutdown

  • Virus impact probably won’t be seen until February data
  • Trade usually slows prior to the Lunar New Year break
A courier walks down a staircase to a shopping plaza in the Lujiazui Financial District in Shanghai on Feb. 5.Photographer: Qilai Shen/Bloomberg
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China’s foreign trade likely contracted in January from a strong rebound in December, reflecting the usual volatility around the nationwide shutdown for the Lunar New Year holiday.