China’s exports gained 7% in May from a year earlier, Bloomberg reported, citing a Sunday statement by China customs. The gain, which surpassed analysts’ median estimate of 6.7% in a Bloomberg News survey, helped to cushion a slowdown in China’s economy amid a 1.6% fall in imports – a drop that was not forecast by any economists in a survey that had a median projection for a 6% gain. The trade surplus widened to US$35.92 billion. Stronger exports may convince Chinese leaders that a bigger stimulus package for the economy isn’t necessary.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved