China imports plunge, exports fall on virus hit to global growth
Workers walk past rolls of imported timber at a dock in Shanghai, China. – EPA pic, June 7, 2020.
CHINA’S exports and imports fell in May as the economic slowdown abroad started to take its toll, and after a surprise jump driven by increased demand for anti-epidemic supplies, official data showed today. The country has worked to restart its economy after bringing activity to a standstill to curb the Covid-19 spread, but consumer demand has remained muted and China’s key overseas markets are suffering downturns.
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