Reported 6 months ago
China's exports in May rose 7.6% in dollar terms from a year earlier, exceeding expectations, while imports increased 1.8%. The trade surplus for the month was around $83 billion. Beijing's strategy of relying on foreign markets to compensate for weak domestic spending is proving successful, with Chinese competitive goods gaining global market share. However, challenges like trade barriers in high-tech industries may hinder long-term export growth, despite current efforts to avoid tariffs by re-routing exports through third countries.
Source: YAHOO