China Exports Sink as Stimulus Measures Aren’t Working

China’s has taken great lengths to prop up its economy in recent months – but to no avail, as fresh data showed China’s exports fell by 25.4% in February. ‘[Chinese authorities] are trying to act, but whether they can actually control the slowdown that is clearly happening, remains to be seen,’ said Richard Perry, a market analyst at Hantec Markets in London. China has cut interest rates, pumped liquidity into its markets and at one point, installed circuit breakers on its stocks, but the economy still continues to falter. Though China has been transitioning from a service-based economy to a consumption-driven economy. TheStreet’s Scott Gamm has details from Wall Street.