China’s exports resume drop in May as coronavirus pandemic hit overseas demand

China’s exports resume their decline in May, as demand for its products dried up in overseas markets affected by the coronavirus pandemic, new data released on Sunday showed.Shipments fell by last month .3 per cent compared to a year earlier, following a surprise growth of 3.5 per cent in April. May’s export number was better the expectations of a Bloomberg poll of analysts, the median forecast of which was a decline of 6.5 per cent.The dip was telegraphed by persistently low sentiment among…

from South China Morning Post https://www.scmp.com/economy/china-economy/article/3087889/chinas-exports-resume-drop-may-coronavirus-pandemic-hit