China’s exports surged nearly 28% in May while imports jumped 51% as demand rebounded in the US and other markets (Chinatopix/AP)China’s exports surged nearly 28% in May while imports jumped 51% as demand rebounded in the US and other markets. Customs data released on Monday showed total exports climbed 40% in the first five months of the year from a year earlier. The boost from last year’s slump is fading, however, and the 263.9 billion dollars (£186.5 billion) in Chinese exports in May was about level with the previous month. China’s imports of 218.4 billion dollars (£154.4 billion) in May were 1.2% lower than in April. China’s trade surplus in May was 45.53 billion dollars (£32.2 billion), down 26.5% from a year earlier.

Source: Irish Independent June 07, 2021 05:03 UTC