BEIJING — China's exports accelerated far more than expected in May but imports slowed, official figures showed on Friday, in further evidence of an uneven recovery for the world's No. 2 economy.
BEIJING — China 's exports accelerated far more than expected in May but imports slowed, official figures showed on Friday, in further evidence of an uneven recovery for the world's No. 2 economy.Overseas shipments surged 7.6 percent on-year in dollar terms, the General Administration of Customs said — much better than April's 1.5 percent and also beating the 5.7-percent forecast in a Bloomberg survey of analysts.
4 percent in May amid continuing geopolitical spats between the superpowers.Trade between China and Russia grew 2.9 percent last month, though Chinese exports to its neighbor fell for the first time since 2020.Beijing and Moscow have strengthened economic and political ties since Russia's invasion of Ukraine in 2022 — a decision that China has not condemned.China's total imports grew 1.8 percent on-year in May, the data showed, down from the 8.4-percent surge recorded in April.
Exports Jump In May But Imports Slow
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beijing China-Germany Forum for Industrial Cooperation and Development--China-Germany (China-Europe) Hidden Champions Forum 2024 OpenedBEIJING, May 16, 2024 PRNewswire -- On May 13, the Beijing China-Germany Forum for Industrial Cooperation and Development-China-Germany (China-Europe) Hidden Champions Forum 2024 commenced at the Beijing China-Germany International Conference and Exhibition Center in Shunyi, Beijing.
Read more »
China defense minister warns of limits to Beijing's restraint on South China SeaLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
China defense minister warns of 'limits' to Beijing's restraint on South China SeaChina's defense minister warned Sunday of 'limits' to Beijing's restraint on the South China Sea and over the deployment of ballistic missiles in the Asia-Pacific region.
Read more »
China warns of Taiwan 'war' as military drills encircle islandBEIJING, China—China said on Friday that Taiwan's leadership was pushing the self-ruled island into war and warned of further 'countermeasures,' as Beijing conducted military drills around the territory.
Read more »
Xi lauds China-Russia ties as Putin arrives in BeijingPutin arrives for a two-day state visit that will include detailed talks on Ukraine, Asia, energy and trade with Xi, his most powerful political backer and fellow geopolitical rival of the United States
Read more »
Beijing reminds PH of 'One China' policyMANILA, Philippines -- China urged the Philippines to 'stay committed' to the one-China principle and 'be prudent regarding the Taiwan question, an official said this week.
Read more »