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China's January-February exports and imports tumble amid coronavirus outbreak
China’s exports fell by double digits in January and February as anti-virus controls closed factories, while imports sank by a smaller margin. Exports tumbled 17.2 percent from a year earlier to $292.4 billion, a sharp reverse from December’s 7.8 percent rise, customs data showed Saturday. Imports declined 4 percent to $299.5 billion, down from the previous month’s 16.3 percent gain. Trade was poised for a boost after Beijing and Washington removed punitive tariffs on some of each other’s goods in a trade truce signed in January. But that was offset by Chinese anti-virus controls that shut down much of the ... (full story)