Practical World True News Magazine

Practical World True News Magazine
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Practical World True News Magazine

#Planet_China : China's trade contracts in May for another month

BEIJING – China's exports and imports contracted again in May in a sign of weak global and domestic demand. 

Customs data released Wednesday showed exports fell 4.1 percent from a year earlier, compared with April's 1.8 percent contraction. Imports contracted 0.4 percent, an improvement over April's 10.9 percent contraction.

Trade weakness could complicate Beijing's efforts to pull the world's second-largest economy out of a slump. Weak exports could require more economic stimulus, setting back efforts to reduce reliance on trade and investment to drive growth.
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