Sharp drop in Chinese imports

China's exports  has moderately decreased in May,the imports collapsed sharply and that led to an increase in the trade surplus to 59.49 billion USD compared to 34.1 billion in April.

For the first five months of the year  the surplus reached 217.26 billion, but the continuing weakness in imports gives a reason to analysts to predict that the surplus for 2015 could approach $ 600 billion compared to $ 383 billion for the previous 12 months.

In May  exports fell by 2.5% yoy, recovering from a sharp fall from 6.4 percent in April. But the trend remains negative for the third consecutive month.

At the same time  imports accelerated decline of 16.2% to 17.6% yoy, reflecting the anemic domestic consumption.

For the period January-May  export has grown with 0.7% compared to the same period in 2014, while  the import has decreased 17.3%.