World News | China Trade Surges as Demand in US, Other Markets Rebounds
Get latest articles and stories on World at LatestLY. China's exports surged nearly 28% in May while imports jumped 51% as demand rebounded in the US and other markets where the pandemic is waning, though growth is leveling off after a stunning recovery from last year's slump.
Beijing, Jun 7 (AP) China's exports surged nearly 28% in May while imports jumped 51% as demand rebounded in the US and other markets where the pandemic is waning, though growth is leveling off after a stunning recovery from last year's slump.
China has led the global recovery from the pandemic, which is still raging in many parts of the globe but receding in places where vaccinations have been widely deployed.
Customs data released Monday showed total exports climbed 40% in the first five months of the year from a year earlier. They were up 29% from the same period in 2019.
The boost from last year's slump is fading, however, and the $263.9 billion in Chinese exports in May was about level with the previous month. China's imports of $218.4 billion in May were 1.2% lower than in April.
China's trade surplus in May was $45.53 billion, down 26.5% from a year earlier. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)