China’s May exports rose 8.7 percent from a year earlier, while imports expanded 14.8 percent, both beating analysts’ expectations, official data showed yesterday.
That left the country with a trade surplus of $40.81bn for the month, the General Administration of Customs said. Analysts expected May shipments from the world’s largest exporter to have risen 7.0 percent, easing slightly from 8.0 percent growth in April. Imports were expected to have climbed 8.5 percent, after rising 11.9 percent in April. Analysts were expecting China’s trade surplus to have widened to $46.32bn in May from April’s $38.05bn.
