BEIJING – China’s exports fell further in March compared with February amid a global economic slowdown caused by the coronavirus pandemic, the government reported Tuesday.
Exports fell 3.5% from the previous month in Chinese currency terms to 1.3 trillion yuan ($183 billion), the customs agency announced.
The agency didn’t immediately report figures in U.S. dollars, in which all of China’s trade is conducted. Using different currencies can result in varying growth rates due to changes in exchange rates.
Exports sank 17.2% in February in U.S. dollar terms as the United States and European governments followed China's lead in closing factories, shopping malls and other businesses in an attempt to stop the virus's spread. “The global economy