US EditionChina Exports to US Fall Most Since 2020 Despite Trade Truce
- In May, shipments from China to the US declined by 34.5% compared to the previous year, representing the steepest drop since February 2020 amid ongoing trade disputes.
- This drop followed US tariff reductions in early April and came despite a 90-day tariff truce agreed by both countries in May.
- Overall, China's total exports grew 4.8% year-on-year in May, slowing from an 8.1% rise in April while imports dropped 3.4%, deepening the trade imbalance.
- Economist Zichun Huang attributed the export slowdown to a decline in US demand prior to the trade agreement and anticipates a partial recovery in shipments later this month.
- In response to external pressures, Beijing introduced monetary stimulus including lending rate cuts and a 500 billion yuan loan program to support consumption.
86 Articles
86 Articles
They grew slower than expected in May, and the large ones also declined.
China's exports to the United States fell by the most in May since February 2020, when international trade was restricted by the…
China's exports up 4.8% in May as shipments to the US fall
BEIJING, China — China’s exports rose 4.8 percent in May from a year earlier, lower than expected as shipments to the United States fell nearly 10 percent, according to customs figures released Monday. Imports declined 3.4 percent year-on-year, leaving a trade surplus of $103.2 billion. READ: China manufacturing shrinks in May despite trade war truce
BEIJING - China's exports to the United States fell 34.5 percent in May from a year earlier, the biggest drop in more than five years, the General Administration of Customs said today.
China says its exports to the US fell nearly 10% in May, as trade talks are due to start in London
China has reported its exports to the United States fell nearly 10% in May from a year earlier, straining the economy, as trade talks with Washington were due to start in London. Customs data released Monday showed total exports rose…
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