China's Exports Decline for a Third Month in Drag on Growth

China’s exports fell for a third month in May, while imports slumped the most in three months, underscoring a sluggish domestic environment that may trigger more monetary policy support. In response, officials have eased monetary policy and engineered a debt swap for local governments so they can keep funding infrastructure projects. “What concerns me is the weaker-than-expected import growth in May, suggesting the domestic demand recovery is uncertain,” said Zhao Yang, chief China economist at Nomura Holdings Inc. in Hong Kong.

China's Exports Decline for a Third Month in Drag on Growth source: http://finance.yahoo.com/news/chinas-exports-decline-third-month-042501996.html