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China Jan-Feb exports tumble, imports slow as coronavirus weighs heavily

The gloomy trade report is likely to reinforce fears that China's economic growth halved in the first quarter to the weakest since 1990

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China trade | Coronavirus | China exports

Reuters  |  Beijing 

China's exports contracted sharply in the first two months of the year, as the fast spreading coronavirus outbreak caused massive disruptions to business operations, global supply chains and economic activity. Imports also fell but were better than analyst expectations. The gloomy trade report is likely to reinforce fears that China's economic growth halved in the first quarter to the weakest since 1990 as the epidemic and strict government containment measures crippled factory production and led to a sharp slump in demand. Overseas shipments fell 17.2 per cent in ...

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First Published: Sat, March 07 2020. 09:24 IST
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