China’s Exports Fall in May
First Decline Since February
BEIJING — China’s exports fell in May for the first time since February, customs data showed Wednesday.
Exports fell 7.5% year-on-year to $283.5 billion, far worse than the 0.4% decline predicted by a Reuters poll.
Imports Also Drop
Imports for May dropped by 4.5% from a year ago to $217.69 billion — less than the 8% plunge forecast by Reuters.
China’s monthly imports have declined on a year-on-year basis since late last year.
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