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China’s exports in US dollar terms fell 20.7 percent year-on-year in February – the biggest drop in three years – highlighting the worsening global demand conditions.  

Imports, widely considered a sign of domestic demand, also fell 5.2 percent in February, having dropped 1.5 percent in the previous month.  

All-in-all, the data will likely amplify market fears about a deeper slowdown in the world’s second-largest economy.