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China’s Trade Surplus Widens as Imports Fall

By Liu Jiefei / Jun 10, 2019 11:46 AM / Economy

Photo: IC Photo

Photo: IC Photo

China’s trade surplus swelled last month, based largely on a sharp fall in imports.

The country’s export of goods edged up 1.1% year-on-year in dollar terms in May, according to data released Monday by the General Administration of Customs. The reading beat the Bloomberg median forecast of a 3.9% decrease.

Imports declined 8.5% year-on-year last month, a larger decrease than the Bloomberg forecast of a 3.5% fall.

That put the overall trade surplus at $41.7 billion in May, up significantly from $24.9 billion a year earlier.

Related: U.S. Trade Deficit With China Is Far Smaller Than Claimed, Ministry Says

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