BEIJING - China’s exports contracted in May as global coronavirus lockdowns continued to devastate demand, while a sharper-than-expected fall in imports pointed to mounting pressure on manufacturers as global growth stalls.
Overseas shipments in May fell 3.3% from a year earlier, after a surprising 3.5% gain in April, customs data showed on Sunday. That compared with a 7% drop forecast in a Reuters poll. China’s trade surplus with the United States widened to $27.89 billion in May, Reuters calculation based on customs data showed.
In the first half of May, China shipped 63.2 billion yuan of medical supplies, Reuters calculations from customs data showed, compared with 71.2 billion yuan in the March-April period.
Virus exporter
So,where is the supposed to be “growth”momentum from April? No proper mask accepted by others? Now I understand why there is urgency of “running street stall”,encouraged by Premier Li! Try to convince others that War-wolf diplomacy works?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China May exports seen tumbling as coronavirus hits demand; imports fall: Reuters pollChina's exports likely tumbled in May after a surprising rebound the previous month as global coronavirus lockdowns continued to devastate demand, but imports showed some signs of improvement as Chinese manufacturers got back on their feet, a Reuters poll showed on Friday. Many ordinary consumers are boycotting Chinese products now due to pushy behaviour with Australia as well as in the Pacific Islands prior COVID19 The face of China🇨🇳
Source: Reuters - 🏆 2. / 97 Read more »
China exports in May fall 3.3% year-on-year; imports shrink 16.7%China's exports in May fell a less-than-expected 3.3% compared with a year earlier, but imports plunged 16.7%, customs data showed on Sunday. The beginning of the end Yeah bcus lots of exports are fake It looks it's happening all over the world.
Source: Reuters - 🏆 2. / 97 Read more »
Breakingviews - Corona Capital: BoE financing, China Nasdaq IPOFrom Breakingviews: Concerns about the Bank of England’s corporate financing facility are misplaced and a Chinese upstart makes the increasingly perilous journey to a U.S. listing. Catch up with the latest financial insights
Source: Reuters - 🏆 2. / 97 Read more »
Gulf Coast on alert: Where Cristobal may make landfall in the USTropical storm and storm surge watches have been issued for parts of the US Gulf Coast as Tropical Depression Cristobal threatens to hit late this weekend. The first name in terror and fear is the EnemyOfThePeople
Source: CNN - 🏆 4. / 95 Read more »
Here's why the May jobs report shocked economists expecting near-record unemployment - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hello! Guys, I will increase your business product on social media marketing. Order now Cognitive Dissonance at CNN 🤯 Hmm, are these China-style statistics our government agencies are producing? Like the ones that show year after year of 6% growth? I hope the US isn't doing any of that.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow Jumps 750 Points After U.S. Economy Adds 2.5 Million Jobs In MayEmployment data stunned Wall Street with a record number of jobs added to the economy last month. What Morons, PPP money paid employee's to do nothing. I had 8 weeks to spend the money. Now money gone so are the jobs. Restaurants are in bad shape. Real Bad. Rich crooks cashing in on hardship 13 mil people of work hooray!! The others are still flat Hello what's sur name
Source: Forbes - 🏆 394. / 53 Read more »