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ECONOMY
THIS WEEK> THIS WEEK NO. 8, 2012> ECONOMY
UPDATED: February 17, 2012 NO. 8 FEBRUARY 23, 2012
Lackluster Trade
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China's exports declined 0.5 percent year on year to reach $149.94 billion in January, while imports dropped 15.3 percent to $122.66 billion, according to data from the General Administration of Customs (GAC). The trade surplus stood at $27.28 billion (see page 36).

The drop was significantly caused by the earlier-than-usual Chinese Lunar New Year holiday (January 22-28), which cut four workdays off the month compared with January 2011.



 
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