China exports drop more than expected

China's exports shrank 7.5% in dollar terms from a year ago, official data showed, far worse than the median forecast for a 1.8% drop. — Bloomberg

BEIJING: Chinese exports fell for the first time in three months in May, adding to risks in the world’s second-largest economy as global demand weakens.

Overseas shipments shrank 7.5% in dollar terms from a year ago, official data showed yesterday, far worse than the median forecast for a 1.8% drop.