China reported the steepest decline in exports in three years on Friday, the latest sign that the slowdown in global growth and Beijing’s trade dispute with the US are hurting the world’s second largest economy.
Exports in February sank 20.7 per cent from a year ago, the biggest fall since February 2016 and four times steeper than the 4.8 per cent decline forecast by economists polled by Reuters.
Imports fell 5.2 per cent, compared to a forecast drop of 1.4 per cent. That shook out to the smallest trade surplus for China since the country last exited trade deficit in April 2018.
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