Revised downward from 0. 3 to minus 0. 7 . The chinese economy continues to face weak demand at home and abroad. Exports fell in may. Thats two months in a row of year on year declines. Imports dropped for the 19th straight month. Chinas customs Authorities Say total trading value for may came to about 312 billion. Thats down 2. 6 from the same month last year. Exports totaled 181 billion down about 4 from a year earlier. Imports fell 0. 4 to 131 billion. The Chinese Government has been promoting Structural Reforms such as reducing the overproduction of steel and other products. Analysts say there is a danger such measures could damp be Domestic Production and consumption. Foreign demand has been sluggish due to the Global Economic slowdown. Checking the markets. Tokyo shares end in the positive for a second day despite a slightly stronger yen. For the details we go to our Business Reporter giang nguyen at the tokyo stock exchange. The slight upward revision of japans gdp did little to
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