China exports lose steam ahead of US trade talks in London

China exports lose steam ahead of US trade talks in London China exports lose steam ahead of US trade talks in London

TOKYO/SHANGHAI — China’s exports grew at a slower pace in May while consumer prices fell for a fourth straight month, official data showed on Monday, hours before U.S and Chinese trade negotiators were due to reconvene in London for high-stakes talks.

Total overseas shipments increased 4.8% year-on-year in dollar terms, according to statistics released by the Chinese customs office. The reading missed a 5% rise forecast in a poll of s, and declined from April’s 8.1% growth.