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

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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.

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