China exports dropped
in January, while imports also fell, adding to economic challenges
confronting the world’s biggest trading nation.
Overseas shipments
declined 6.6 percent in January in yuan terms from a year earlier, the
customs administration said on Monday, compared with a 2.3 percent
increase in December. Imports extended a stretch of declines to 15
months, falling 14.4 percent, leaving a trade surplus of 406.2 billion
yuan ($62.3 billion).
The decrease suggests
the yuan’s depreciation since August has yet to result in a sustained
boost to the competitiveness of China’s factories.
Source : Bloomberg
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