China export value falls 4.1pc in May, imports steady, slipping 0.4pc
Time：2016-06-13
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"The worst time for Chinese exports has passed," said Royal Bank of Scotland economist Harrison Hu.
"The quantity of exports actually showed a subdued increase. The yuan also depreciated against a basket of currencies, which supports exports."
Car purchases increased 11 per cent to 1.76 million units in May for a ninth gain in 10 months, according to the China Passenger Car Association.
The slight import decline contrasted sharply with estimates of a 6.8 per cent slide in trade value, while exports were in line with Bloomberg`s poll of economists.
But the World Bank cut its global growth estimate to 2.4 per cent for this year from the 2.9 per cent predicted in January.