National Bureau of Statistics of China, official GDP growth reports

China's Exports Surge 7.6% in May, Imports Rose 1.8%

Jun 7, 2024, 03:19 AM

China's exports in USD terms rose by 7.6% year-on-year in May, exceeding estimates of a 5.7% increase. This growth marks a significant improvement from the previous month's 1.5% rise. Additionally, China's imports grew by 1.8% year-on-year in May, although this is a slowdown compared to the previous month's 8.4% gain. The stronger-than-expected export performance is seen as a boost to the economic recovery of the world's second-largest economy, boosting the growth outlook.