From today’s Wall Street Journal. And not just China
> China’s Exports Tumble Amid Broad Slowdown > Economy keeps losing momentum; imports also continued to drop < snip > > On Tuesday, China reported its largest monthly drop in exports since the > financial crisis. The customs administration said exports in February fell > 25.4% in dollar terms year-over-year, compared with a drop of 11.2% in > January. While trade flows were affected by February’s long Lunar New Year > holiday, the decline was sharply lower than the median 15% drop forecast by > 17economists surveyed by The Wall Street Journal. > > Imports also declined, falling 13.8% last month, the agency reported, > compared with an 18.8% drop in January, in a further cooling of demand in > China that is affecting its Asian neighbors. China’s trade surplus narrowed > sharply in February to $32.59billion from $63.29billion in January. < snip > > China’s poor data fit with trade results from other exporters in the region. > Last month, Taiwan’s exports fell for the 13th-straight month—the island’s > longest export slump since the global financial crisis—while South Korean > exports declined for the 14th consecutive month. China’s February results > were the weakest since May 2009, when exports fell 26.4%. < snip > _______________________________________________ pen-l mailing list pen-l@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/pen-l
