China May exports slip back into contraction, imports worst in 4 years.

  • Overseas shipments in May fell 3.3% from a year earlier, after a surprising 3.5% gain in April.
  • imports tumbled 16.7% compared with a year earlier, worsening from a 14.2% decline the previous month.
  • China posted a record trade surplus of $62.93 billion last month including a $27.89 billion trade surplus with the United States.