Despite the trade dispute with the US, China surprisingly increased its exports in May. Exports rose in May within a year by 1.1 percent, as the Customs of the People’s Republic announced today. Experts, however, had expected a decline of 3.8 percent.
Imports collapsed by 8.5 percent. Again, the experts had calculated with a decrease of 3.8 percent. The trade surplus for the reference month was estimated at $ 41.65 billion (€ 36.90 billion). The conflict between the two trading powers has been smoldering for some time and weighs heavily on the global economy and the financial markets. China and the
