China February Exports Post Worst Fall Since May 2009

choi

Xiaoyi Shao and Pete Sweeney, China February exports post worst fall since May 2009. Reuters, Mar 8, 2016
http://www.reuters.com/article/u ... trade-idUSKCN0WA09C

Quote:

In February "Exports fell 25.4 percent from a year earlier, twice as much as markets had feared as demand skidded in all of China's major markets, while imports slumped 13.8 percent, the 16th straight month of decline.

Considering Chinese new year fell on February this year: "January-February exports on a combined basis, which should iron out some of the holiday effect, fell 17.8 percent and imports 16.7 percent, pointing to persistently weak demand at home and abroad

My comment: I am not gleeful. China imports parts from Taiwan to assemble them in the mainland. So, thanks to China, Taiwan's export has also suffered: Taiwan sees export drop for 13th straight month. Central News Agency, Mar 7 (specifically, Ministry of Finance 財政部, in charge of customs, of Taiwan released trade data for February).