CHINA China’s exporters succumbed on Wednesday to the full force of the global economic turmoil. Even after the horror show of economic statistics published around the globe in recent months, China’s exports numbers in February painted a grim picture.
Some analysts had been expecting a modest uptick, given that there were fewer working days in February last year because of new-year holidays. Instead, exports slumped by 25.7 per cent as the collapse in global demand caught up with the country’s exporters and overshadowed a sharp rise in domestic investment..
