China’s exports fell in May for the first time since February, adding to concerns that growth in the world’s second-largest economy could be faltering. Exports fell 7.5% year-on-year to $283.5 billion, customs data showed Wednesday, far worse than the 0.4% decline predicted by a Reuters poll. The decline was so sharp that export volumes came in below their levels at the start of the year, after accounting for seasonality and changes in export prices, Julian Evans-Pritchard, head of China Economics at Capital Economics, said in a note. “This points to subdued global demand for Chinese goods,” he said. In April, ... (full story)