China’s exports and imports see fresh declines in May
However, China’s May exports declined at a slower pace compared with economists’ estimates, which called for a decrease of 5% in May, according to a survey by Reuters. The same survey forecasted imports to decline by around 10.7%.
Analysts commented that China’s economic growth should begin to stabilize within the next few months, with additional stimulus measures being a possibility as the government seeks ways to support growth.
The government expects total trade to grow 6% this year. In 2014, China’s trade rose 3.4%, falling below the government’s growth target of 7.5%.
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