BEIJING: CHINA’S export growth in yuan-denominated terms slowed to 1.2 percent year on year in May from 4.1 percent in April, customs data showed Wednesday.
Imports grew 5.1 percent, significantly rebounding from a 5.7-percent decline in April, according to figures from the General Administration of Customs (GAC). Trade surplus last month was 324.8 billion yuan (about 50 billion U.S. dollars), up from April’s 298 billion yuan.
Foreign trade increased 2.8 percent year on year to about 2 trillion yuan in May and for the first five months combined slipped 3.2 percent to nearly 9.2 trillion yuan.
