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China’s Exports Decline for a Third Month in Drag on Growth

Bloomberg business news

China's Economy Needs More Stimulus, Mizuho's Shen Says

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China’s exports fell for a third month in May, while imports slumped the most in three months, underscoring a sluggish domestic environment that may trigger more monetary policy support.

Overseas shipments fell 2.8 percent from a year earlier in yuan value, the customs administration said in Beijing on Monday. Imports slid 18.1 percent, leaving a trade surplus of 366.8 billion yuan ($59.1 billion). U.S. demand helped prevent a deeper decline in shipments abroad.