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China's exports fall for third consecutive month; imports down by 17.6%

  • Exports in China fell for the third consecutive month in May, indicating weak demand in the country. According to figures, exports witnessed a 2.5% year-on-year drop in dollar denominated terms. Imports are also weaker than expected. The fact that imports have dropped by 17.6% has also sparked worries. Economist Zhu Haibin is of the opinion that the Chinese economy will struggle to meet the trade growth target even with the rise in exports.