BEIJING (Sputnik) – The Shanghai Composite Index fell 2.84 percent to 2,684.96 points, while the Shenzhen Composite Index dropped 3.25 percent to 1,693.81.
The People’s Bank of China (PBOC) set its national currency, the yuan, at 0.3 percent against the US dollar to fix the exchange rate at 6.5118.
Customs administration data indicated January year-on-year exports fell by 6.6 percent, and imports by 14.4 percent.
China's currency has lost more than 1.5 percent against the US dollar since the start of 2016.
