China’s Exports Rebound as Threat of Broader Slowdown Looms

China’s trade surplus in the month widened to $78.8 billion from $51.1 billion, with exports worth $308.25 billion, the most in four months.

(Bloomberg) — China’s exports rebounded in May as Covid-related production and logistics bottlenecks eased, but a slowdown looms this year as global consumer demand cools, weakening trade’s ability to act as a driver for economic growth.

Exports in dollar terms grew 16.9% in May from a year earlier, customs data showed Thursday, accelerating from April’s 3.9% increase and climbing well above an 8% gain projected by economists. Imports rose 4.1% after staying unchanged in the previous month. Economists had expected a 2.8% increase.

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