Americans bought almost $1 out of every $5 worth of goods that China exported in May, the highest share since August 2010. While Chinese shipments to trading partners including Japan, Europe and South Korea tumbled last month from a year ago, those to the U.S. climbed 7.8 percent. That helped make America the destination for 18.8 percent of China’s exports, outstripping all others. The European Union took 15.1 percent, with 11.9 percent for the Southeast Asian grouping of Asean. Evidence of China’s increasing reliance on the world’s largest economy comes just weeks before annual talks between the two nations in Washington, amid signs of tension over the yuan exchange rate. While the U.S. maintains that the yuan is significantly overvalued — something that would give Chinese goods a competitive edge — the International Monetary Fund disagrees . “A better U.S. economy, and a relatively larger share of trade, may […]