China's February exports down 18 percent

By The Associated Press | Posted - Mar. 7, 2014 at 9:11 p.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BEIJING (AP) — China's February exports fell 18.1 percent in a sign of weak global demand, while imports rose 10.1 percent.

Export data Saturday was much weaker than the single-digit decline expected by private sector analysts while imports were in line with forecasts.

The figures might add to concern China cannot rely on trade to help drive its slowing economy while communist leaders launch sweeping promised reforms.

China's trade data often are distorted by the Lunar New Year holiday, when companies shut down for two weeks or more. The holiday falls at different times each year in January or February.

Grouping together the two months, as analysts often do, still showed weak demand. Exports fell 1.6 percent in the two-month period, compared with a year earlier.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast