China’s foreign trade drops 9.6% in Jan, Feb

China’s foreign trade dropped 9.6 per cent year-on-year during the first two months of this year, according to official data published on Saturday.

The data released by the General Administration of Customs showed that in January and February, China’s trade exchanges with the rest of the world stood at 4.12 trillion yuan ($594 billion), reports Efe news.

Exports plummeted 15.9 per cent year-on-year to 2.04 trillion yuan, while imports declined 2.4 per cent to 2.08 trillion yuan, which led to a trade deficit of 42.59 billion yuan. The deficit had stood a 293 billion yuan during the same period in 2019.

Read More: https://www.bhaskarlive.in/chinas-foreign-trade-drops-9-6-in-jan-feb/