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China exports dip further but import slide eases

Signs of recovering domestic consumption; PBOC predicts economy will grow 6.8% this year

Imports presented a brighter picture than exports with the figure contracting less in May than in previous months, mainly on the back of accelerated infrastructure investment and higher demand for commodities.


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