China Export Growth Plummets Amid Fake-Shipment Crackdown - Bloomberg: "China’s export growth plummeted to a 10-month low in May and imports unexpectedly fell as a crackdown on fake trade shipments exposed weakness in global demand.
Overseas sales rose 1 percent from a year earlier, the General Administration of Customs said in Beijing today, trailing 35 of 38 analyst estimates in a Bloomberg News survey and down from April’s 14.7 percent pace. Imports dropped 0.3 percent, leaving a trade surplus of $20.4 billion."
'via Blog this'
