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China exports plunge on coronavirus epidemic

China exports plunge on coronavirus epidemicChina's exports plummeted in the first two months of this year on the back of a coronavirus epidemic that forced businesses to suspend operations, disrupting the world's supply chains. Exports fell 17.2 percent from a year ago, the biggest drop since February 2019 during the trade war with the United States, and imports dropped 4 percent, according to customs data released Saturday. Coronavirus cases were first reported last December in Wuhan, in China's central Hubei province, prompting a lockdown of the key industrial region with some 56 million people, from late January.




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China exports plunge on coronavirus epidemic Reviewed by Unknown on March 07, 2020 Rating: 5

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