China’s exports fall more than expected, fueling growth risks

Chinese exports fell for the first time in three months in May, raising risks in the world’s second-largest economy as global demand weakens.

Overseas shipments shrank 7.5% from a year ago to $284 billion, official data showed on Wednesday, worse than the median forecast for a 1.8% drop. Export to most destinations contracted, incl double-digit declines to places including the US, Japan, Southeast Asia, France and Italy.