China January exports, imports shrink much faster than expected

February 15, 2016 4:05 AM

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China January exports, imports shrink much faster than expected

BEIJING China's exports fell 11.2 percent in January from a year earlier and imports tumbled 18.8percent, both far worse than expected, putting pressure on policymakers to take further action to put a floor under the slowing economy.

The fall in January exports marked the seventh straight month of decline, while the decline in imports was the 15th month.

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