Millennium Post

China exports, imports slump

Chinese trade slumped in January, authorities said today, as both exports and imports tumbled with feeble domestic and global demand dragging on the world’s second-largest economy. Exports dropped 11.2 per cent year-on-year to USD 177.5 billion in dollar terms, Customs said, while imports plummeted 18.8 per cent to USD 114.2 billion -- giving the Asian giant a record monthly trade surplus of USD 63.3 billion. Tremors in overseas markets and weakness in partner economies have weighed on China. 
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