Chinese manufacturing activity also fell to its lowest level on record in February. FMTNews Coronavirus China
BEIJING: China’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.
A Bloomberg poll of economists had expected exports to drop less, by 16.2%, but had foreseen a much starker drop on imports of 16.1%. China’s trade surplus with the US – a key point of contention in the trade dispute between the two countries – sharply narrowed 40% in the first two months, from US$42 billion last year to US$25.4 billion.This is in line with how some other indicators are released, to smooth over distortions from the holiday break.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China says consumer sales steadying after virus hit, trade still toughBEIJING: The coronavirus outbreak has hit global demand, but its impact on China's foreign trade is only temporary, the Commerce Ministry said on Thursday, adding that authorities would roll out more targeted support measures to stabilise supply chains.
Read more »
Japan to quarantine visitors from China, South Korea, says paperTOKYO (AFP): Japan plans to quarantine people coming from China and South Korea for two weeks to prevent the spread of the new coronavirus, the Yomiuri daily reported on Thursday (March 5).
Read more »
China barbers attach styling tools on long poles to avoid contracting Covid-19 (VIDEO) | Malay MailKUALA LUMPUR, March 5 — From unconventional handshaking to condoms as finger protection when pressing lift buttons, the deadly coronavirus is forcing many to rethink otherwise mundane, everyday tasks. The latest comes in the form of hairstyling, where barbers in China have found a way of cutting...
Read more »
China virus infections spike in central city of WuhanWuhan's new infections climbed to 131 from 114 a day earlier. FMTNews Virus Wuhan China
Read more »
China virus fight sparks outcry over female frontline staffFemale medical workers struggled to obtain menstrual products and had their heads shaved. FMTNews Coronavirus China
Read more »
China steps in to help the world beat Covid-19 outbreakBEIJING (AFP): From being ostracised by the international community as the centre of the deadly coronavirus outbreak, China is seeking to reframe itself as a global expert that can help hard-hit regions battle the disease.
Read more »