TELETRADER News
6/7, 5:20 AM
(Source: TeleTrader)
China's trade surplus shrinks to $65.8B in May
The Chinese trade surplus declined in May, which disappointed market expectations, the country's General Administration of Customs said on Wednesday.
The figure landed at $65.8 billion to hit its lowest level since April last year, down compared to last month's trade balance of $90.2 billion.
The country's exports decreased by 7.5% in dollar terms on an annual basis, with imports dropping by 4.5%, both below analysts' projections.