China’s May Trade Balance: Surplus shrinks as exports tumble

China’s Trade Balance for May, in Chinese Yuan terms, came in at CNY452.33 billion versus CNY643.25 billion expected and CNY618.44 billion last.

Exports fell 0.8% in the reported period vs. 9.9% expected and 16.8% previous.

The country’s imports rose 2.3% vs. 4.2% expected and -0.8% prior.

more to come …