China's Slowing Economic Recovery Evident as Trade Declines in May

China’s exports fell 7.5% from a year earlier in May and imports were down 4.5%, adding to signs an economic rebound following the end of anti-virus controls is slowing as global demand weakens under pressure from higher interest rates.

Exports slid to $283.5 billion, reversing from April’s unexpectedly strong 8.5% growth, customs data showed Wednesday. Imports fell to $217.7 billion, moderating from the previous month’s 7.9% contraction. China’s global trade surplus narrowed by 16.1% to $65.8 billion.

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