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

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 BNN. 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.
Craig Erlam