China May exports seen tumbling as coronavirus hits demand; imports fall: Reuters poll

BEIJING (Reuters) – China’s exports likely tumbled in May after a surprising rebound the previous month as global coronavirus lockdowns continued to devastate demand, but imports showed some signs of improvement as Chinese manufacturers got back on their feet, a Reuters poll showed on Friday. May exports in the world’s second-largest economy are expected to have contracted 7% from a year earlier, according to a median estimate from the survey of 23 economists, compared with an unexpected 3.5% gain in April. Imports likely fell 9.7% on year, the poll showed, easing from a 14.2% drop the previous month, due to…