China exports dip further but import slide eases
Signs of recovering domestic consumption; PBOC predicts economy will grow 6.8% this year
Beijing
CHINA trade continued to contract in May amid weak global demand but imports fell at their slowest pace in 18 months - a sign that domestic consumption may be recovering.
Following release of the data, China's central bank said on Wednesday that it was predicting a second straight annual fall in export shipments, but remained upbeat on the outlook for the economy - which it expects to grow 6.8 per cent this year.
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