Economics
China's Export Slump Shows Growth Push Hinges on Local Demand
- Trade `shocker' suggests more stimulus is needed: Rabobank
- Chinese new year may account for weakness: Capital Economics
China’s Export Slump Deepened in February
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China’s export slump deepened in February, highlighting the challenge for policy makers seeking to keep the economy humming at home while trade acts as a brake on growth.
The week-long Chinese new year holidays fell in February this year, closing factories and curbing shipments. That saw exports tumble 25.4 percent in U.S. dollar terms from a year earlier, the biggest decline since May 2009. Imports extended a streak of declines to 16 months, slumping 13.8 percent, leaving a trade surplus of $32.6 billion.