China’s exports fell in May for the first time since February, state media reported Wednesday, breaking a two-month growth streak as a post-Covid rebound in the world’s second-largest economy faded.
Overseas shipments sank 7.5 percent on-year last month, a sharp drop from an increase of 8.5 percent in April, according to figures published by the official Xinhua news agency. Meanwhile, imports fell 4.5 percent in May, according to Xinhua. Forecasts in a survey by Bloomberg showed economists expected exports to drop 1.8 percent and imports to shrink 8.0 percent. — AFP
