Chinese imports contracted at their slowest pace since 2014 in May, suggesting government stimulus measures focused on housing and infrastructure are succeeding in stabilising demand.
The recent rebound in commodity prices also helped buoy imports, which fell by 0.4 per cent in US dollar value terms last month, less than the 10.9 per cent drop in April and the narrowest monthly decline since October 2014, according to customs data released on Wednesday.
Exports were less rosy, falling 4.1 per cent in May against a 1.8 per cent decline in April, reflecting sluggish demand in Europe and the US. Analysts had forecast an import decline of 6 per cent and an export decline of 3.6 per cent, according to a Reuters poll.
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