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China February Exports Tumble, Heighten Global Slowdown Fears

Mar 08 , 2019

China’s exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy despite a spate of support measures. 

While seasonal factors may have been at play, the shockingly weak readings from the world’s largest trading nation added to worries about a global slowdown, a day after the European Central Bank slashed growth forecasts for the region.

Asian stock markets and U.S. futures extended early losses after the data. Chinese stocks sank over 3 percent.

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