China May 2022 trade balance: CNY 502.89bn (expected 448bn)…
Trade data from China for May. Lockdown restrictions eased back in the month. China trade balance CNY 502.89BN: • expected CNY 448.9bn, prior was CNY 325.1bn Exports +15.3% y/y: • expected +13.1%, prior was +1.9% Imports +2.8% y/y: • expected 2.0%, prior was 0.0% USD terms: China trade balance: US$78.76bn. • expected $58.0bn, prior was $51.1bn Exports: +16.9% y/y expected 8.0%, prior 3.9% Imports: +2.8% y/y expected -9%, prior was -2% A much improved performance for trade, inbound and outbound, for the month of May compared with April. This is a good sign for improvement ahead for the Chinese economy, which … (full story)
