China’s May imports to fall again, exports slip into red: Reuters poll

BEIJING, June 5 (Reuters) – (This story has been refiled to correct the hyperlink format in bullets) China’s imports are expected to have contracted in May, despite a low base last year as a lockdown in Shanghai brought the country’s biggest port to a standstill, while exports likely fell for the first time in three months, a Reuters poll showed. Inbound shipments to the world’s second-largest economy were projected to have fallen 8.0% year-on-year, following a drop of 7.9% in April, according to the median forecast of 26 economists in the poll finalised on Monday. Exports are expected to have…