China Exports Fall in May but Economy Will Reach 2016 Growth Targets

China's May exports slid 4.1 percent year-over-year, compared to a 1.8 percent drop in April, but the world's second largest economy is still on track to meet its 2016 growth target of 6.5 percent to 7 percent, according to one expert. 'China has adopted a lot of deficit spending in the last several months, especially in the infrastructure area and that's going to keep the growth rate right around 6 percent,' said Paul Christopher, head global strategist at Wells Fargo Investment Institute. China's imports slipped 0.4 percent in May, an improvement from the 10.9 percent fall in April. Christopher also expects further yuan devaluations. TheStreet's Scott Gamm reports from Wall Street.