Chinese imports fell sharply in January, a sign of sluggish domestic demand that will fuel concerns about whether the fragile global economy can count on China as a bastion of growth.
Adding to the grim picture, China’s exports also dipped last month as its companies felt a chill wind from Europe’s debt troubles. Exports fell 0.5 per cent year on year, the first decline since late 2009.
Imports plunged 15.3 per cent, leaving China with a trade surplus of $27.3bn on the month.
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