SHANGHAI -- China's exports contracted in May for the first time in three months as weaker global demand weighed on the country's recovery from the COVID-19 pandemic.
A drop in orders for mobile phones and garments contributed to a 7.5% decline in outbound shipments to $283.5 billion, the country's customs office reported on Wednesday. This compares with a median forecast for a 0.4% fall in a Reuters poll of economists.
