China’s exports and imports down, trade balance still positive

Source: News - February 28th, 2009

The Chinese General Administration of Customs published the new January figures. The Chinese exports are in comparison to 2008 down 43.1 percent, that is US $ 51.34 billion. The exports are not much better with -17.5 percent or US $ 90.45 billion but the overall trade surplus doubled up to US $ 39.1 billion. See details here.