Economics
China’s Export Gains to Cushion Growth as Imports Slump
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China’s exports rose more than analysts estimated in May, helping to cushion the world’s second-biggest economy from a deeper slowdown as an unexpected slump in imports highlighted risks to growth.
Overseas shipments gained 7 percent from a year earlier, the customs administration said yesterday in Beijing, exceeding the 6.7 percent median forecast in a Bloomberg News survey. Imports fell 1.6 percent, leaving a $35.92 billion trade surplus, the biggest in five years according to Bloomberg data.