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

June 8, 2016 Share Print 0

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

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Latest Posts

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.