China’s May exports surge 7.6% in boost for economy

July 16,2024

China’s exports jumped more than expected in May, boosting the growth outlook in the world’s second-biggest economy.

Exports rose 7.6% in dollar terms from a year earlier, while imports increased 1.8%, the customs administration said Friday. That left a trade surplus of $82.6 billion for the month. Economists had forecast that exports would expand by 5.7% and imports by 4.3%.

Source: Bloomberg