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China's exports plunge again in February

China's exports plunge again in February

China's government says its exports and imports both fell again in February as a global slowdown worsened.
The report Wednesday by the Chinese customs agency says exports fell 25.7 percent in February while imports were down 24.1 percent.
The export decline increases pressure on Beijing to boost domestic consumption to reduce reliance on trade. The decline in imports will hurt Chinese trading partners, especially other Asian nations.


Updated : 2021-05-11 22:50 GMT+08:00