On Friday, China reported worse than expected trade data in February, customs data showed that the US-China dispute is not working well.
Exports declined by 20.7% in February compared to the previous year, surpassing economists' expectations of a decline of 4.8%, according to a study by Reuters.
Imports fell 5.2% in February compared to the previous year, surpassing economists with expectations for a decline of 1.4%.
China's trade balance in February was also significantly weaker than expected at $ 4.12 billion. Economists surveyed by Reuters expected the total trade balance to reach 26.38 billion dollars.
Although the fall in Chinese exports for February is 20.7% and the market will be "clearly disappointed," the negative figure should not be a surprise, as investors expect delays both in the world and China.
Analysts warned of an impending slowdown in Chinese exports, although the country's overall economic data has been stable over the past year. The largest economy in Asia continues to negotiate tariffs with the United States. Exports remained in most of 2018, as many exporters were quick to deliver their goods before the heavier tariffs.
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