03-11-2009 17:35

Special Report:   Global Financial Crisis

China's exports plummeted 25.7 percent year-on-year in February, the fourth straight monthly decline, as global demand shrank, the General Administration of Customs said Wednesday.

Exports contracted to 64.90 billion U.S. dollars, while imports slumped 24.1 percent to 60.05 billion U.S. dollars. The sharp declines reflected weakening external demand, which would persist throughout the year as the global recession deepened. The surplus shrank to 4.84 billion U.S. dollars, less than one-seventh of the figure for January. China has set an 8 percent GDP growth for 2009. Total foreign trade was 124.95 billion U.S. dollars last month, down 24.9 percent year-on-year.

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Editor:Qin Yongjing