China's exports in May fell a less-than-expected 3.3% compared with a year earlier, but imports plunged 16.7%, customs data showed on Sunday.
FILE PHOTO: A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease outbreak, Guangdong province, China May 17, 2020. REUTERS/Martin Pollard
BEIJING - China’s exports in May fell a less-than-expected 3.3% compared with a year earlier, but imports plunged 16.7%, customs data showed on Sunday. Analysts in a Reuters poll had forecast exports would tumble 7% from a year earlier after a 3.5% gain in April.China posted a trade surplus of $62.93 billion last month, compared with the poll’s forecast for a $39 billion surplus and $45.34 billion surplus in April.
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