(MENAFN) Chinese Vice-Minister of Commerce Zhong Shan stated that exports were at their lowest growth rate in a year in May while imports fell against expectations, reported Emirates 24/7.
Shan also said that the slow growth of exports as well as the decline in imports were evidence that the Chinese economy was in danger of a slowdown in the second quarter of 2013.
The Vice-Minister of Commerce added that exports rose a humble 1 percent last month compared to last year's May. Imports dropped 0.3 percent.
It is worth noting that China is the world's second-largest economy after the United States, and the world's fastest-growing major economy. It is also the largest exporter and second largest importer of goods in the world.
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