The Chinese exports for December dropped to its lowest in almost a decade due to the severe global recession which declined the demand on their products especially toys, clothes, and electronics.

The trade surplus in China narrowed to $38.98 billion in December from a previous $40.09 billion. Exports plunged 2.8% from a previous 2.2% fall while imports continued to slide reaching -21.3% for the year ending December compared to -17.9% in the prior year.