BEIJING - China's exports in yuan-denominated terms slumped 20.6 percent year on year to 821.8 billion yuan ($126.3 billion) in February while imports dropped 8 percent to 612.3 billion yuan, customs data showed on Tuesday.
The monthly foreign trade surplus shrank by 43.3 percent year on year to 209.5 billion yuan in February, according to the General Administration of Customs (GAC).
Total foreign trade value in February fell 15.7 percent year on year to 1.43 trillion yuan.
If the Chinese economy were a car by Xinhua
If the Chinese economy were a car, how fast would it run in 2016, and toward which direction?
Saturday's government work report, delivered by Premier Li Keqiang at the opening of the annual parliamentary session, came as a map or a GPS system for the big car, giving directions and helping the car stay on the right track.