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China trade continues sliding; surplus soars in May

Severe drop in imports indicates that domestic demand has yet to pick up, despite recent stimulus measures

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Beijing is implementing profound structural changes and is hoping that a rise in domestic demand for imported goods (such as these wines in a supermarket in Qingdao) can compensate for the end of its export-led growth model.

Beijing

CHINA's trade continued to slide in May, putting more pressure on Beijing to further ease policies. Exports dipped 2.8 per cent, and imports fell 17.6 per cent in the seventh consecutive monthly drop, custom figures showed on Monday. This left a record trade surplus of US$59.49

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