CHINA’S trade growth moderated sharply in May from strong expansions in the past two quarters, likely a result of the country’s tightened controls on speculative money.
Exports increased 1 percent from a year earlier to US$182.7 billion last month, the General Administration of Customs said yesterday. This slowed from the jump of 14.7 percent in April.
Imports dropped 0.3 percent to US$162.3 billion, reversing the gain of 16.8 percent a month earlier.
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Wang Yanlin and Hu Xiaocen via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/GkQaUeA2LCY/
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