BEIJING, June 7 (Reuters) - China's exports rose 27.9% in May from a year earlier, missing forecasts, while imports increased 51.1%, customs data showed on Monday, as the world's second-largest economy continued its recovery from last year's pandemic slump.
Analysts in a Reuters poll of economists had forecast exports would jump 32.1% from year earlier and for imports to rise 51.5%.
China posted a trade surplus of $45.53 billion in May, compared with the poll's forecast for a $50.5 Billion surplus and widening from $42.86 billion surplus in April.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments