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China posts weak trade data

Feb. 09, 2015 2:17 AM ETFXI, PGJ, EWH, GXC, FXP, TAO, HAO-OLD, FCHI, XPP, YAO, CHIQ, CHII, YINN, YANG, CQQQ, QQQC-OLD, CHIX, CHIE, CHIM, YXI, ECNS, MCHI, FCA, EWHS, FHK, CXSE, KFYP, KWEB, ASHR, CHNA-OLD, KBA, ASHS, CN, CNXT, GLCNBy: Yoel Minkoff, SA News Editor8 Comments
  • Highlighting further weakness in the Chinese economy, data published on Sunday showed the country's exports slipping 3.3% from year-ago levels while imports plunged by 19.9%
  • The slide in imports is the sharpest since May 2009, when Chinese factories slashed inventories due to the global financial crisis. Exports have not produced a negative annual reading since March 2014.
  • Many are expecting China to lower its GDP target to around 7% this year, after posting 7.4% in 2014, its lowest annual growth rate in 24 years.
  • Recovering from earlier losses in the session, the Shanghai Composite Index closed up 0.6%.
  • ETFs: FXI, EWH, KWEB, PGJ, YINN, GXC, FXP, ASHR, HAO, TAO, YANG, CHIQ, CQQQ, CHIX, MCHI, QQQC, PEK, XPP, YAO, YXI, CHXF, ECNS, FCA, CHII, CN, CHIE, CHIM, EWHS, FCHI, ASHS, KFYP, CNXT, CHNA, KBA, FHK

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