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Chinese Feb trade deficit balloons to nine-year high
13 Mar '12
1 min read
The Chinese trade deficit posted a nine-year high in February to touch US $31.49 billion. Overall exports in the month reached $114.47 billion against imports of $145.96 billion.
In the month under review, exports grew at 18.4 percent from a year earlier, while imports rose at a blistering pace of 39.6 percent year-on-year.
February exports and imports also reversed the declining trend witnessed in January. In January exports had dipped by 0.5 percent and imports had fallen by 15.3 percent.
In the month under review, exports grew at 18.4 percent from a year earlier, while imports rose at a blistering pace of 39.6 percent year-on-year.
February exports and imports also reversed the declining trend witnessed in January. In January exports had dipped by 0.5 percent and imports had fallen by 15.3 percent.
Fibre2fashion News Desk - China
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