January was not good for China Imports & Exports

According to latest stats of import & export, China still in decline for the third straight month in January 2009 . Imports volume eased 43.1 percent to US51.34 billion while exports volume decreased 17.5 percent year-on-year to US$90.45 billion.

The total included US$27.93 billion in trade between China and the European Union, down 18.7 percent; 22.25 billion dollars in trade between China and the United States, down 15.2 percent; and US$14.5 in trade between China and Japan, down 28 percent.