China’s exports jump, imports decline in February
In February, exports to the United States, which is China’s largest export market, surged 48.5% compared with the same month of 2014 while exports to the Europe Union rose 44.1%.
The data also showed that the country’s imports declined 20.5% in February, posting the sharpest decline since 2008. Economists commented that weaker imports may signal a further slowdown in economic growth.
The Chinese government lowered their economic growth target for 2015 to around 7% compared with growth rate of 7.4% posted in 2014, which was slightly below the government’s 2014 economic growth target of 7.5%.
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