Japanese imports from China plunge
The virus outbreak hampered manufacturing activities in China with its value-added industrial output, an important economic indicator, falling 13.5% year-on-year in the first two months of 2020. – EPA pic, March 18, 2020.
JAPAN’S imports from China almost halved last month from a year earlier to log the steepest fall since 1986 as the new coronavirus outbreak disrupted trade, official data showed today. February imports from China, Japan’s biggest trade partner along with the United States, plunged 47.1% to ¥673.4 billion while exports slipped 0.4% to ¥1.14 trillion.
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