- China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing’s trade dispute with the U.S.
- February dollar-denominated exports fell 20.7 percent, compared to an expected 4.8 percent fall.
- February dollar-denominated imports fell 5.2 percent, compared to an expected 1.4 percent fall.
- China’s overall trade surplus for the month came to $4.12 billion — much weaker than an expected $26.38 billion.
Dollar-denominated exports plunged 20.7 percent for the month of February from a year ago, missing economists’ expectations of a 4.8 percent decline, according to a Reuters poll. January exports had risen 9.1 percent from a year ago.
Dollar-denominated imports fell 5.2 percent in February from a year ago, missing economists’ forecast of a 1.4 percent fall. January imports had fallen 1.5 percent on-year.
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