Chinese Trade Slumps in January; Exports Fall 11.2%, Imports 18.8%
The world’s second largest economy tumbled double digit in January with exports dropping 11.2% year-on-year to $177.5 billion and imports plummeting 18.8% to $114.2 billion. The figures are worse than the speculated 1.9% drop in exports and 0.8% drop in imports by the analysts. On the other hand, yuan-denominated data shows exports fell 6.6% in