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Exports slump 17.5 percent
By Winny Wang |
February 11, 2009, Wednesday
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Online Edition
Online Edition
CHINA'S exports slumped 17.5 percent in January for the third straight month which may add more pressures to export-driven cities.
Exports fell to US$90.45 billion last month, following a 2.8 percent decline in December and a 2.2 percent decrease in November, the first such decline in seven years, the General Administration of Customs said today.
The country's imports also plunged last month by 43.1 percent to US$51.34 billion and trade surplus expanded 102 percent to US$39.1 billion.
Exports fell to US$90.45 billion last month, following a 2.8 percent decline in December and a 2.2 percent decrease in November, the first such decline in seven years, the General Administration of Customs said today.
The country's imports also plunged last month by 43.1 percent to US$51.34 billion and trade surplus expanded 102 percent to US$39.1 billion.
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