China’s exports fall 7.5% in May, adding to stimulus talk
China’s exports decline 7.5% in May after experiencing growth streak in March and April. – EPA pic, June 7, 2023.
CHINA’S exports fell in May for the first time since February, data showed today, breaking a two-month growth streak as a post-Covid rebound faded and adding to speculation that officials will unveil fresh stimulus measures. Rising global inflation, the threat of recession elsewhere and geopolitical tensions with the United States have weakened demand for Chinese products.
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