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China’s export to the US fell in the last month since the beginning of the Covid-19 pandemic, which stakes are for Chinese and US negotiations to meet in London.
US Exports dropped 34 percent year of the year in terms of US Dollar, according to the financial calculations based on official data since February 2020 and higher than April 202 percent decrease.
Trade is an important growth driver for China against the backdrop of a slim of property. Total export increases 4.8 percent year-of-year.
The data highlights the effect of exports of Selling tensions between two largest economies in the world.
Expected London talks followed a phone call last week between US President Donald Trump and his Chinese counterpart XI Jinping. Both sides agreed on May 12 to a 90-day trucethat remains weakly between a row of slow approval of the cargo of land.
“It is possible that the May Data continues to weigh the tariff tariff,” says Lynn Song, Chief China Economtion on Ing. “We expect US export growth to recover in the coming months.”
Prices of Monday appears that in May the Chinese consumer prices refused for the fourth straight month and producer prices falling for approximately two years.
Consumer price index falls in 0.1 percent year of May, the National Bureau of Statistics said Monday. Produces prices, showing the cost of goods in the Profactory Gate, dropped by 3.3 percent, the fastest reduction rate since July 2023.
Trade tensions have been added to pressures from a slowdown of property that began at 2021. The years of persistent pricing growth and dispellation periods indulge in consumul dependence.
China’s bank’s bank last month was notified of cutting off the main lending rates as part of a steady eraser also found to support the housing sector.
Zichun Huang, China Economist in the capital economy, suggests that trade data shows US total export tariffs.
“Early signs suggest that the US’s request for Chinese bakers from Geneva Trace, which should be relieved of the exports at hand.” But it doesn’t seem to be in addition
Ing ing song says it is “hard to imagine a crucial uptick” of CPI as “domestic consumer sentiments to be soft and tariffs that can cause the tarko to pressure”.
