China's exports increased in May, though at a slower rate than in April, owing to strong global demand as more economies across the world opened up. Imports increased dramatically, owing to rising commodity prices.
The customs office said Monday that exports increased over 28% in dollar terms in May compared to the same month a year ago, slower than expected and slower than April, but still significantly above historical growth rates. Imports increased by 51.1 percent, the highest rate since March 2010, resulting in a $45.5 billion trade surplus for the month.
Continue to read more China's trade boom is still going strong in May, thanks to strong global demand
Submitted June 07, 2021 at 03:52AM by smmedianews https://ift.tt/34Ulzdf
