China’s exports fell 1% in dollars on a year earlier in February, down from an 8% growth rate in January and below a 14% expansion expected by economists. The new year holiday was a complicating factor – taking a two month average the growth in exports in yuan actually accelerated to 11% growth. Imports jumped 34% on the same basis, suggesting a strong underlying economy. Exports to the U.S. increased 2% on a two month basis, well below the January rate and suggesting the rush to beat new tariffs or taxes has slowed. Emerging markets are the main contributors to China’s export growth, wh...