China’s Exports Tumble Again in May as Global Demand Stays Weak

May’s soggy Chinese trade data offered the latest sign that the world’s second-largest economy was still a long way off from full health.

Exports in dollar-denominated terms tanked 4.1 percent on-year, more than double April’s 1.8 percent fall and slightly worse than estimates for a 3.6 percent decline, Reuters said on Wednesday.

Imports meanwhile edged down 0.4 percent on-year, narrower than April’s 10.9 percent tumble and the 6 percent slide anticipated.

CNBC

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.