Exports from China collapsed in May as global demand declined

BEIJING, June 7 (Reuters) – Chinese exports fell much faster than expected in May and the flow of imported goods slowed as Chinese manufacturers failed to attract foreign buyers and domestic consumption remained weak.

Exports from the world’s second-largest economy fell 7.5% year-on-year in May, the fastest pace since January, after rising 8.5% a month earlier. Imports fell by 4.5% after falling by 7.9% in April.

Economists polled by Reuters predicted a drop in exports by 0.4% and imports by 8.0%.

China’s trade surplus in March amounted to USD 65.81 billion against the forecasted USD 92.00 billion.

The original message in English is available under the code: (Joe Cash, translated by Tomasz Kanik)

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