China exports lose steam ahead of US trade talks in London
GRACE LI and WATARU SUZUKI
TOKYO/SHANGHAI -- China's exports grew at a slower pace in May while consumer prices fell for a fourth straight month, official data showed on Monday, hours before U.S and Chinese trade negotiators were due to reconvene in London for high-stakes talks.
Total overseas shipments increased 4.8% year-on-year in dollar terms, according to statistics released by the Chinese customs office. The reading missed a 5% rise forecast in a Reuters poll of economists, and declined from April's 8.1% growth.
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GRACE LI and WATARU SUZUKI TOKYO/SHANGHAI -- China's exports grew at a slower pace in May while consumer prices fell for a fourth straight month, official data showed on Monday, hours before U.S and Chinese trade negotiators were due to reconvene in London for high-stakes talks. Total overseas shipments increased 4.8% year-on-year in dollar terms, according to statistics released by the Chinese customs office. The reading missed a 5% rise forecast in a Reuters poll of economists, and declined from April's 8.1% growth.
