China Exports Stabilize as Imports Hint at Improving Demand
- Exports decline 4.1% in dollar terms while imports slip 0.4%
- Trade figures look better in yuan terms as currency weakens
China's Exports Weakened in May
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China’s exports stabilized in May, with a weakening currency giving some support to growth in the world’s biggest trading nation, while imports signaled improvement in domestic demand.
Overseas shipments fell 4.1 percent in dollar terms from a year earlier, the customs administration said Wednesday. Imports slipped 0.4 percent -- the smallest drop since late 2014 -- to leave a trade surplus of $50 billion. Reflecting a weaker yuan, both exports and imports fared better when measured in local currency terms. Stocks pared losses in Shanghai.