BEIJING—China’s trade contracted again in January and February as U.S. and European demand weakened in the face of interest rate hikes.
Exports sank 6.8 percent from a year earlier to $506.3 billion, an improvement over December’s 10.1 percent decline, customs data showed Tuesday. Imports fell 10.2 percent to $389.4 billion, deepening December’s 7.3 percent contraction.
