China’s exports affected by sluggish demand
The February trade data confirms China’s disappointing start to 2016, with exports declining 17.9% for the January-February period, the lowest since 2012, due to weak external demand. According to HSBC Global Research, shipments to both developed and developing markets weakened, with exports to Asean countries seeing the biggest contraction of 32.2% from the same period last year.
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