Chinese exports declined in May
China's exports dropped 7.5% from a year ago in May, drastically cooling from the robust growth seen the previous two months.
The result compares with the median forecast of a 1.0% decline by economists polled by The Wall Street Journal, and significantly slowed from the unexpected 8.5% growth recorded in April, data from the General Administration of Customs showed Wednesday. Imports dropped 4.5% from a year earlier, compared with a 7.9% decline in April. Economists surveyed expected imports to have fallen 8.1%.Write to Singapore Editors at [email protected]
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