China’s exports grew at a slower-than-expected pace in May, with shipments to the United States suffering their steepest decline in more than five years, according to customs data released on June 9.
Overall, the value of China’s exports rose by 4.8 percent in U.S. dollar terms in May from a year earlier, data from the Chinese customs agency show. The figure fell short of Reuters’ forecast of 5 percent growth.
Shipments to the United States plummeted by 34.5 percent in dollar terms in May from a year earlier, according to The Epoch Times’ calculation of official data. The figure marks the largest monthly fall since February 2020, when the COVID-19 pandemic began to disrupt global supply chains….
China’s Exports to US Fall at Fastest Pace in 5 Years
