Chinese exports fell much faster than expected in May and imports fell, albeit at a slower pace, as factories struggled to attract demand from abroad as domestic consumption remained weak. Exports from the world's second-largest economy fell 7.5 percent year-on-year in May, the biggest drop since January and after 8.5 percent growth in April. Imports contracted at a slower pace, falling 4.5 percent last month.
Economists had predicted in a Reuter poll that exports would fall only 0.4 percent and imports would fall 8 percent.
Source (Al-Arabiya.net Website, Edited)
