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China exports plummeted 20% in February

BEIJING – China's exports fell sharply last month, released data on Friday, likely reflecting demand and distortions from the Lunar New Year holiday. Exports tumbled 20.7% from a year earlier in February, after jumping 9.1 % in January, according to data from the General Administration of Customs. Economists polled by The Wall Street Journal expected the value of overseas shipments to drop 6%. Imports fell 5.2% following January's 1.5% drop, according to customs data. Economists polled in the survey expected a 2.5% decline in Chinese imports. China's total trade surplus at $ 4.12 billion, narrowing sharply from the $ 39.16 billion surplus in January and undershooting the $ 24.45 billion forecast in the survey. First two months, China's exports and imports fell 4.6% and 3.1 %, respectively, leading to a trade surplus of $ 43.7 billion. Stripping out the Lunar New Year effects, the customs agency said February's exports and imports rose 1.5% and 6.5%. %, respectively, from a year earlier. – Liyan Qi and Grace Zhu

BEIJING – China’s exports fell sharply last month, released data on Friday, likely reflecting demand and distortions from the Lunar New Year holiday.

Exports tumbled 20.7% from a year earlier in February, after jumping 9.1 % in January, according to data from the General Administration of Customs. Economists polled by The Wall Street Journal expected the value of overseas shipments to drop 6%.

Imports fell 5.2% following January’s 1.5% drop, according to customs data. Economists polled in the survey expected a 2.5% decline in Chinese imports.

China’s total trade surplus at $ 4.12 billion, narrowing sharply from the $ 39.16 billion surplus in January and undershooting the $ 24.45 billion forecast in the survey. First two months, China’s exports and imports fell 4.6% and 3.1

%, respectively, leading to a trade surplus of $ 43.7 billion.

Stripping out the Lunar New Year effects, the customs agency said February’s exports and imports rose 1.5% and 6.5%. %, respectively, from a year earlier.

– Liyan Qi and Grace Zhu

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