China’s exports grew 7.6 percent in May, while imports saw a 1.8 percent increase, surpassing expectations.
China’s exports increased by 7.6 percent year-on-year in May, with imports rising 1.8 percent, according to customs data released on Friday. This growth exceeded the expectations of a Reuters poll of economists, which had predicted a 6.0 percent rise in exports and a 4.2 percent increase in imports. The previous month saw exports grow by 1.5 percent and imports by 8.4 percent.
Recent economic data has highlighted varying recovery speeds across different sectors of China’s $18.6 trillion economy. The first quarter’s economic growth exceeded forecasts, and strong export and output figures in March indicated that improving global demand could support efforts to stabilise the economy. However, more recent indicators have shown weaker domestic consumption, dampening some of the earlier optimism about the economic rebound.
This mixed data underscores the complexities of China’s economic recovery, as officials continue to navigate challenges in both domestic and international markets.
