According to customs data released on Monday, China’s export growth rose at a three -month low in May, as in the United States, according to the customs data issued on Monday after the shipment by President Donald Trump.
While the exports increased by 4.8% year-on-year, it was below 8.1% in April, with shipments had fallen about 12% month in the US.
London reports a recession report a few hours before another round of trade talks between the US and Chinese officials.
In May, China exported goods worth $ 28.8 billion (€ 25.23 billion) to the US in April, below $ 33 billion.
Analysts say that in March and April, strong trade figures may be attributed to a crowd for sending goods in front of TTIF hike excluded by exporters.
At the same time, the US imports 7.4% to $ 10.8 trillion.
Trump, melting in relationships in XI phone call signal
On Thursday, Trump said he had a “very good phone call” with Chinese President Xi Jinping, resulting in “a positive consent for both countries.”
Last month, a 90-day tariff is a call-compensation between Trus, which stopped a spiral trade war between the world’s two largest economies.
Trump has reduced its 145% Taifs by 30% for 90 days on Chinese goods, while China has reduced its taxes on American goods by 125%.
Beijing braces for economic collapse
China-US trade talks are taking place as American policy makers have expressed disappointment on China’s stalling on the approval of export license for rare earth and other elements essential in high-tech, defense and clean energy sectors.
China’s government figures saw a decline in the productive price index, while consumer prices took a dip.
Mouhile, to cushion the economic blow, Beijing introduced new incentive measures in May, including the interest rate cut.
Edited by: Keran Burke
