China May trade data highlights growth concerns

China on Saturday reported a sharp slowdown in exports in May compared to the previous month while imports unexpectedly dropped, as the world’s second largest economy grapples with slowing growth and sluggish overseas demand.

Overseas shipments rose just one per cent to US$182.8 billion last month, far lower than 14.7 per cent recorded in April, customs authorities said in a statement.

It also missed a medium forecast of 5.6 per cent expansion in a Dow Jones Newswires’ poll of economists.

via Business feed http://www.scmp.com/business/article/1256375/china-may-trade-data-highlights-growth-concerns