China’s exports plunge 25.7% in year to February; Stimulus plan boosts investment 26.5% in first 2 months compared with same period in 2008
Mar 11th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
China's exports and imports fell for the fourth straight month in February, with the drop in exports sharper than expected, leading to a sharp narrowing in China's trade surplus. February's exports fell 25.7% from a year earlier to $64.9 billion and imports dropped 24.1% to $60.1 billion, data from the General Administration of Customs showed. In separate data, urban fixed-asset investment jumped 26.5% in the first 2 months of this year compared with the same period last year.