Logo 10 Jun 2022

Strong exports in May send misleading signal

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China’s General Administration of Customs released monthly trade data for May on Thursday.

The headlines:

Exports rose 16.9% y/y in dollar terms in May, up from 3.9% y/y growth in April.Imports increased by 4.1% y/y last month, versus zero y/y growth in April.The trade surplus was USD 78.8 bi...