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China's exports growth slows to 1.0% in May
China's exports grew just one percent on-year in May, slowing sharply from the previous month as sluggish overseas demand hit the country's exporters, customs authorities said Saturday. The exports growth to $182.8 billion is far lower than 14.7 percent recorded in April and below a medium forecast of 5.6 percent expansion in a Dow Jones Newswires' poll of economists. Imports dropped 0.3 percent to $162.3 billion, customs said in a statement, down from a rise of 16.8 percent in April and below the economists' median forecast of a five percent increase. China's trade surplus stood at $20.4billion last month, it said, ... (full story)
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