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Chinese international trade plummets in March

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Exports miss expectations by a staggering 27 percentage points.

The Chinese Government announced today that export sales fell a whopping 15% in March, increasing worries about both global demand and China’s slowing economy.

The decrease was more pronounced given that expectations had been for a 12% increase. 

"The decrease was more pronounced given that expectations had been for a 12% increase." 

In addition, the government announced that imports fell as well, declining 12.7% during the month, providing further evidence that domestic demand is also weakening.

The strength of the yuan, which is pegged to the US dollar, is cited by many as a primary factor in the decline in exports, with labor, financing and exchange costs hitting an already wobbly export sector.

China’s trade sector grew by 3.4% in 2014, missing the government’s 7.5% target.  The government has reduced its 2015 target to 6%.

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