China’s exports, imports rise more than expected in May
The country’ exports posted an annual increase of 8.7% in May and beat the expectations of a rise of 7.2%.
Chinese imports in May also climbed by 14.8% year-on-year. The pace of growth in imports, too, stood above the expectations of a rise of 11.9%.
China’s trade surplus increased to $40.8 billion in May from $38 billion in April and came lower than the expectations of $47.8 billion.
Economists argue that the increase in imports is not likely to continue if the slower credit growth causes economic activity to slow down. They also claim that exports are likely to decrease although it is expected to perform better than imports.
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