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ECONOMY

Update: China’s Trade Surplus Narrows, But Not With U.S.

* Exports rose 12.6% in dollar terms from April to May, while imports jumped 26%

* China’s trade surplus with the U.S. further widened to $24.6 billion in May

(Beijing) — China’s trade surplus narrowed in May as both imports and exports grew faster than expected.

China’s exports rose 12.6% in dollar terms in May from a year earlier, beating a Bloomberg News forecast for an 11.1% increase, and unchanged from April’s growth rate, according to Chinese customs data.

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