China’s exports up 28%, imports hit decade-high
BEIJING: China's exports rose 27.9 per cent in May while imports grew at the fastest pace in more than a decade as the global economy powers back from the COVID-19 crisis, official data showed on Monday (Jun 7).
Demand for China's goods has bounced after economically painful lockdowns last year due to the pandemic, and as vaccines are rolled out across much of the world.
The figures are also boosted by last year's low base of comparison when the coronavirus was spreading rapidly.
Exports from the world's second-largest economy posted strong growth but came in lower than expectations of 32 per cent.
"To be honest, that is a cracking number by anybody's standard and shows that global demand remains robust," said OANDA's Jeffrey Halley.
In May, import growth hit its highest rate sinc...
