麦格理8日中国宏观，解新发布的经济数据，英文1页：

Jan-Feb trade data came in much stronger than expected: Export and import growth accelerated from 9.7% and 12.5% in 4Q17 to 24.4 % and 21.7% yoy, respectively, in Jan-Feb. Trade surplus in Jan-Feb amounted to US$54bn, vs US$38bn for year-ago period. While this could be partly attributed to a low base and export front-loading before the CNY holiday, it’s still a set of strong numbers. We see five implications for the economy this year.