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China export down a quarter in February

Zoom in font  Zoom out font Published: 2016-03-09  Views: 8
Core Tip: China's export numbers fell sharply in February. Dwindling global demand and the business shutdown during the New Year holidays depressed sales.
China's export numbers fell sharply in February. Dwindling global demand and the business shutdown during the New Year holidays depressed sales.

China's exports has come down with 25.4 percent to $126.1 billion (115 billion Euro) year-on-year in February. The country's struggling manufacturing sector continued to drag down the world's second-largest economy.

The fall was sharper than economists had predicted. Chinese firms have been battered now for eight months by weak demand from major world markets.

Data released on Tuesday shows that imports were down 13.8 percent to $93.6 billion (85 billion Euro). This is the 16th consecutive month of falls for imports.

The European Union was China's top trade partner in the period while the US was its second-biggest market. Export to both markets fell by almost 11 percent. China's trade surplus was measured at $32.6 billion (29.5 billion euros), marking a decrease of 46.2 percent year-on-year according to previous data.
 
 
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