China Exports Slump 7.5% After 2 Months Of Growth

China's exports contracted in May for the first time in three months as weaker global demand weighed on the country's recovery from the COVID-19 pandemic, CK Tan reported for Nikkei.

Photo Insert: China may be feeling the pinch as more countries have cut imports from Beijing, particularly mobile phones, personal computers, and other products using microprocessors.

A drop in orders for mobile phones and garments contributed to a 7.5% decline in outbound shipments to $283.5 billion, the country's customs office reported on Wednesday.

This compares with a median forecast for a 0.4% fall in a Reuters poll of economists, indicating that the US call for a boycott of Xinjiang cotton may be working.

Moreover, China may be feeling the pinch as more countries have cut imports from Beijing, particularly mobile phones, personal computers, and other products using microprocessors.

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