Mar 8, 2016

Chinese exports plunge 25% in February - BBC News

Chinese exports have seen their sharpest drop in almost seven years, adding to concerns over the health of the world's second largest economy.

Exports dropped sharply by 25.4% from a year earlier, while imports fell 13.8%.

The weak data comes on the heels of Beijing registering the slowest economic growth in 25 years.

China's National People's Congress, currently underway in the capital, has just revised the 2016 growth target down, predicting a "battle for growth".

The February trade figures are likely to raise new fears over China struggling to maintain economic growth while implementing reforms and trying to shift towards more services and domestic spending.

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http://www.bbc.com/news/business-35751586