China’s foreign trade falls 6% in Q1
China’s trade with the European Union dropped 2.1% while trade with the United States was up 3.2% in the January- March period.
Meanwhile, the Chinese government lowered its annual target for foreign trade growth to approximately 6% this year compared with 2014’s growth target of 7.5%. Analysts cited the sluggish global recovery and a slowdown in the Chinese economy as the main reasons behind weaker foreign trade statistics.
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