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Feb exports, imports plunge on weakening demand

(Xinhua)
Updated: 2009-03-11 13:46

BEIJING -- China's exports figures plummeted 25.7 percent in February from a year earlier, the fourth straight monthly fall as global demand shrank, the General Administration of Customs said on Wednesday.

Related readings:  Exports take worst hit in 50 years  China stimulus fine for now, exports to suffer further Exports decline the most in 7 years  Steel exports down 62% in Feb

Exports contracted to US$64.90 billion in February, and imports slumped 24.1 percent to 60.54 billion U.S. dollars.

The combined foreign trade totaled US$124.95 billion last month, down 24.9 percent year on year.

The trade surplus dropped to US$4.84 billion, less than one-seventh of the figure for January.