China’s exports experienced the sharpest decline in three years in February, while imports fell for the third consecutive month. That turned out Friday from data from customs.
Exports decreased by 20.7 percent compared to a year earlier. Economists had counted on a 4.8 percent minus. Imports fell by 5.2 percent, with a decrease of 1.4 percent in average. The trade surplus amounted to a small $ 4.1 billion.
According to economists, the figures show a further slowdown in the economy, which is affected by, among other things, the Sino-US trade war, despite a whole series of supporting measures. However, they note that the export and import figures must be viewed with due caution, because of the long holiday period due to the Chinese New Year.