Reported about 12 hours ago
China's exports grew at their slowest pace in three months in May, impacted by significant U.S. tariffs, while factory-gate deflation reached its worst level in two years. Exports to the U.S. plummeted 34.5% year-on-year, and overall exports rose only 4.8%, below expectations. Meanwhile, imports declined 3.4%, highlighting frail domestic demand amidst rising external pressures. Despite some easing of tariffs, trade tensions continue, with economists predicting challenging conditions ahead for China's economy.
Source: YAHOO