China shows strong exports growth in May as global demand increases from the reopening of economies around the world, reported Bloomberg.
Although exports grew at a slower pace than in previous months, exports continued to surge, growing about 28% in dollar terms, according to the customs administration. Imports, fueled by rising commodity costs, grew 51.1%. This produced a $45.5 billion trade surplus for the month.
As developed economies around the world emerge from months of quarantine, demand for Chinese products remains high.