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Coronavirus

China Jan-Feb exports tumble, imports slow as coronavirus batters trade

Plunging demand saps growth and leads to fears of weakest quarter since 1990

Workers load goods for export onto a ship at a port in Lianyungang, Jiangsu province, China.   © Reuters

BEIJING (Reuters) -- China's exports contracted sharply in the first two months of the year, and imports slowed, as the health crisis triggered by the coronavirus outbreak caused massive disruptions to business operations, global supply chains and economic activity.

The gloomy trade report is likely to reinforce fears that China's economic growth halved in the first quarter to the weakest since 1990 as the epidemic and strict government containment measures crippled factory production and led to a sharp slump in demand.

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