Global trade activity improved by 0.5% year over year in December according to CPB World Monitor, reversing six months of declines. That was mostly the result of a 6.2% surge in exports from China, while many developing economies were left behind. Trade activity in the new year has likely taken a step backwards. Port activity in Hong Kong dropped by 19.3% year over year in January, driven by the earlier lunar new year and previous disruptions to activity due to public protests, while the city’s exports fell by 22.1%. Across Asia, eight of the nine territories to report export data for Ja...