Chinese imports decline the most in three months

Source: Bloomberg
© Scanpix/Reuters
Exports in China slumped in May 2.8% year-on-year, while inbound shipments fell 18.1%, leaving trade balance surplus of 366.8 billion yuan($59.1b). The slowdown in China's trade was due to dip in growth of investment, while the fall in imports is likely to signal the need for more stimulus to the economy in order to support Chinese domestic demand.
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