China exports continue to plunge
Source: al Jazeera
China's exports plunged by a massive 17.5 per cent in January, the biggest year-on-year decline in more than a decade and threatening more job losses in an already slowing economy.
The data released by China's customs agency on Wednesday showed a third consecutive month of declines after years of double digit increases.
January's decline against the previous year was much steeper than the 2.8 per cent contraction seen in December.
"The numbers are terrible. The environment is awful," Citigroup economist Ken Peng told the Associated Press.
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China's exports plunged by a massive 17.5 per cent in January, the biggest year-on-year decline in more than a decade and threatening more job losses in an already slowing economy.
The data released by China's customs agency on Wednesday showed a third consecutive month of declines after years of double digit increases.
January's decline against the previous year was much steeper than the 2.8 per cent contraction seen in December.
"The numbers are terrible. The environment is awful," Citigroup economist Ken Peng told the Associated Press.
LinkHere
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