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BBC Chinese: Chinese Import/Export Volume Dropped Sharply in January

BBC Chinese recently reported that, based on data released by the Chinese General Administration of Customs, China’s January total import/export volume was RMB 1.88 trillion (around US$289 billion). The number represents a decline of 9.8 percent, year-over-year. January exports declined by 6.6 percent and the import volume declined by 14.4 percent, year-over-year. Compared to December 2015, the January import/export total declined by 23.9 percent, month-over-month, which included an export decline of 19.8 percent and an import decline of 29.6 percent, month-over-month. Data analysis further showed that, in January, the total trade volume between China and its largest trade partner, the European Union, declined by 9.9 percent. The total trade volume between China and the United States also declined by 9.9 percent. China’s exports of mechanical and electrical products as well as textiles and clothing are the biggest categories that suffered the declines. 
Source: BBC Chinese, February 15, 2016