China’s Exports to US Fall at Fastest Pace in 5 Years

Date:

Outbound shipments to the United States fell 35 percent in May, China’s data showed on June 9, hours before a new round of trade negotiations began in London.

China’s exports grew at a slower-than-expected pace in May, with shipments to the United States suffering their steepest decline in more than five years, according to customs data released on June 9.

Overall, the value of China’s exports rose by 4.8 percent in U.S. dollar terms in May from a year earlier, data from the Chinese customs agency show. The figure fell short of Reuters’ forecast of 5 percent growth.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Chinas Tax Scrutiny Reaches Back Years, Adding to Business Strain

A growing series of Chinese company disclosures is documenting...

Australian Government Flags Privacy Concerns Over Smart Glasses

Ray-Ban Smart Glasses are displayed during a media preview...

Former Pentagon Official Says US, Allied Modeling Supports Taiwans Defense Strategy

Former senior Pentagon official Jed Royal said modeling conducted...

Birth Tourism Ads Targeting Chinese Highlight US Immigration Vulnerabilities

The China Mifubaby Group website translation excitedly shared the...