China's Exports Declined Again Last Month
[Asia Economy Reporter Sung Ki-ho] China's exports returned to a decline last month.
According to Hong Kong media on the 7th, China's exports in May decreased by 3.3% compared to the same month last year.
Due to the spread of the novel coronavirus infection (COVID-19), China's exports had been continuously declining this year, but increased by 3.5% in April; however, this recovery trend did not continue last month.
Nevertheless, last month's Chinese exports exceeded market expectations. A Bloomberg survey of experts had predicted a 6.5% decline.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Musinsa Issues Second Apology for 2019 'Park Jongcheol Advertisement Controversy'... "A Stern Lesson"
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
The return to a decline in China's exports after one month appears to reflect the global economic recession caused by the spread of COVID-19.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
