Chinese exports rise 7 percent, imports slipBy AP News Jun 09, 2014 2:48PM UTC
BEIJING (AP) — China says its export growth accelerated in May but imports dipped in a mixed sign for the world’s second-biggest economy.
Data released by the General Administration of Customs on Sunday showed exports rose 7 percent in dollar terms, up from a 0.9 percent increase in April and rather large slump in February and March.
Imports declined 1.6 percent in May after inching up 0.8 percent in April.
Private sector analysts say the Chinese economy will likely slow down as the impact of mini-stimulus efforts fade. Economic growth eased to 7.4 percent in the first quarter from the previous quarter’s 7.5 percent.
Exports for the month came to $195.47 billion while imports totaled $159.55 billion, giving China a trade surplus of $35.9 billion.