China imports plunge, exports fall on virus hit to global growth
China's exports and imports fell in May as the economic slowdown abroad started to take its toll, and after a surprise jump driven by increased demand for anti-epidemic supplies, official data showed on Sunday.Exports from the manufacturing powerhouse fell 3.3% on-year last month, better than the 6.5 per cent slide expected by a Bloomberg poll of analysts.But the return to negative territory came after a surprise 3.5% jump in April, which was partly due to medical exports.Analysts have warned of signs that a larger downturn awaits.Customs data released on Sunday showed a larger than expected plunge in imports on-year, which were down by 16.7%.This was significantly higher than the 7.8% expected by analysts, and down further from the 14.2% drop in April."Export growth rebounded in March and...