China exports rose 7%, but imports fell 1.6% in May
China's Ministry of Commerce has released the country's latest trade figures, which saw exports continuing to gain steam, while imports cooled.
China's Ministry of Commerce has released the country's latest trade figures, which saw exports continuing to gain steam, while imports cooled.
Exports rose 7 percent in May from a year earlier, totaling at 195 billion U.S. dollars. That dwarfs April's 0.9 percent rise. But imports fell 1.6 percent versus a rise in April, falling to about 159 billion U.S. dollars.
China’s exports are benefiting from a firmer global market, especially from ASEAN countries.
Another highlight has been mechanical, electrical and high-tech exports, which all recorded positive growth, the first time in four months.