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China's January trade figures continue shrinking

But trade surplus will go some way to helping its central bank deal with capital flight

Exports were dragged down by weak demand in China's main trading partners, including Europe and Asean countries - and this, despite a depreciation of the RMB, which have made Chinese goods cheaper overseas.


CHINA'S trade continued to contract in January, amid tepid demand both inside and outside the country.

Exports fell 11.2 per cent in dollar terms to US$177.5 billion last month, while imports dropped a sharp 18.8 per cent to US$114.2 billion.

Both were below analysts