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China Trade Figures Tumble by Double Digits in January

The Chinese economy may face an uphill battle to achieve its government-earmarked range of 6.5-7 percent growth this year after exports and imports both performed worse-than-expected in January, analysts say. Despite the weak trade data and a volatile trading day, Chinese shares closed with only modest losses on Monday after the central bank stepped in with a strong fix for its weakened yuan. The country’s exports fell 11.2 percent from a year earlier in January - a seventh consecutive...

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