China’s exports grew in May but a drop in imports signalled a possible weakening of demand in the world’s second-largest economy.
The country’s exports rose by 7% in May compared with 12 months before. But imports fell by 1.6% on a year earlier.
It meant the nation’s trade surplus widened sharply to $35.9bn (£21.4bn), from April’s $18.5bn, the General Administration of Customs said.
The figures will add to recent concern about the state of the Chinese economy.
It has shown signs of weakness amid poor data from the manufacturing and retail sectors.
via BBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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