Economy: China’s Exports in January and February Dropped 17 Percent

Because of the Impact of the novel coronavirus, China’s exports in the first two months of this year dropped dramatically. According to the data that the General Administrations of Customs released on March 7, China’s exports in those two months were US $292 billion, a decrease of 17.2 percent from the level a year ago. Imports were US $299.5 billion, a decrease of 4 percent. China had a trade deficit of US $7 billion, the first trade deficit since April 2018. A year ago, China had US $41.5 billion trade surplus.

Economy: China’s Exports in January and February Dropped 17 Percent

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