China’s exports and imports both fell in May as the coronavirus and trade tensions with the U.S. weighed on demand at home and abroad.
Exports fell 3.3 percent compared to a year earlier to $206.8 billion and imports dropped 16.7 percent to $143.9 billion, the Chinese customs agency said Sunday. . .
The fall in exports came after a surprise 3.5 percent rise the previous month. Analysts were expecting the decline, attributing April’s rise to orders placed before virus restrictions hit overseas economies and predicting that American and European customers would also cancel other orders. (Read more from “China’s Exports and Imports Fall Amid Coronavirus” HERE)