China’s Exports Rebound as Threat of Broader Slowdown Looms
(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.
- MOST POPULAR