China’s exports fall 4.1% in May, imports beat estimates
Accordingly, the country’s trade surplus was reported at $49.98 billion in May from April’s $45.6 billion.
In yuan terms, China’s May exports and imports rose 1.2% and 5.1%, respectively, from a year earlier.
Some economists commented that China’s exports showed signs of stabilizing in May and that a weaker yuan supported the country’s trading activities.
Meanwhile, domestic demand pushed up China’s car sales in May. The country’s car sales rose 11% to 1.76 million units in May, according to data from the China Passenger Car Association.
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