Jun 11, 2022 10:00 AM

WEEKEND LONG READ

Weekend Long Read: China’s Trade Growth Recovers From Covid Shock

A worker produces masks for export at a factory in East China’s Jiangsu province in January 2021. Photo: VCG

A worker produces masks for export at a factory in East China’s Jiangsu province in January 2021. Photo: VCG

China’s export growth accelerated significantly to 16.9% year-on-year in May from that of 3.9% in April, against the consensus estimate of 8%. Import growth managed to recover to 4.1% year-on-year in May against the consensus for 2.8% growth, while it was almost flat versus the April figure a year ago. The monthly trade balance widened to $78.8 billion from $51.1 billion in April, compared with the consensus estimate of $57.7 billion.

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