China’s exports extend losses, fall 20.6% on year in Feb
Imports also tumbled 8% on the year to 613.3 billion yuan ($94.1 billion) in February following a decrease of 14.4% in January. Accordingly, the country’s monthly trade surplus plunged 43.3% on the year to 209.5 billion yuan ($32.1 billion).
The data showed that China’s trade with the European Union fell 9.7% year over year in the first two months of this year while trade with the US and ASEAN countries fell 12.2% and 14.9%, respectively.
On dollar terms, China’s exports dipped 25.4% on the year in February while imports dropped 13.8% following a decrease of 18.8% in the previous month.
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