Chinese exports fell for the first time in three months in May, posing additional risks to the world’s second-largest economy as global demand weakens. Overseas shipments declined 7.5% from a year ago to USD 284 bln. Although imports also dropped 4.5% to USD 218 bln, this was better than an anticipated 8% decrease, resulting in a trade surplus of USD 66 bln. Despite this dip in exports, consumer spending on travel and restaurants continues to drive China’s economic recovery while industrial activity lags.