Markets used to cheer when China’s exports rose, believing this showed the global economy was in good shape. They are still hopeful today, despite the 25 per cent fall in February’s exports. But closer analysis of China’s important refining and petrochemical sector shows that a paradigm shift is under way.
過去，當中國出口上升時，市場往往會爲此歡呼，認爲這表明全球經濟狀況良好。儘管中國2月份的出口同比下降了25%，他們今天仍然抱有希望。不過，對中國重要的煉油和石化產業所做的更詳盡的分析顯示，正在發生一場模式轉變。
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