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China exports tumble 25%, worst fall since May 2009

Published 03/08/2016, 04:40 AM


Investing.com - China’s exports tumbled 25.4% from a year earlier to $126.1 billion in February, data on Tuesday showed. Economists had expected a decline of 12.5%. It was the biggest export slump in seven years, since the depths of the financial crisis. Imports fell 13.8% year-on-year, slowing from January’s 18.8% drop. The steep fall in exports was due in part to the Chinese New Year, which fell earlier in February this year. The weak data still highlighted concerns over slowing growth in the world’s second-largest economy.

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