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UPDATE 1-China Feb exports, imports plunge - paper, governor

Published 03/06/2009, 03:21 AM
Updated 03/06/2009, 03:24 AM
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(Adds comments by Guangdong governor in paragraphs 2, 6 and 7)

BEIJING, March 6 (Reuters) - China's exports and imports in February both dropped by more than 20 percent, the 21st Century Business Herald reported on Friday, citing an unnamed official.

Huang Huahua, governor of the southern province of Guangdong, also said the province's foreign trade in February had slumped 20 percent following a 31 percent drop in January.

The official quoted by the 21st Century Business Herald calculated that, based on such percentage falls, China's trade surplus last month may have fallen to $7 billion from $39.1 billion in January.

If accurate, those figures would mark an acceleration in the fall in China's exports and the fourth straight monthly decline for both exports and imports.

Exports in January fell 17.5 percent and imports fell 43.1 percent from year-earlier levels.

Huang, speaking at a news conference during the annual session of parliament, did not give a breakdown of his province's exports and imports.

Guangdong, which ships about 30 percent of total Chinese exports, has a target of zero growth in its foreign trade this year, he said. (Reporting by Langi Chiang and Emma Graham-Harrison; Editing by Alan Wheatley)

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