daftandbarmy
Army.ca Fossil
- Reaction score
- 46,557
- Points
- 1,160
That's an insane level of growth...
Key Points
China’s trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war, with U.S.-bound shipment logging the strongest jump in five years.
Overall exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged growth at 15%.
Shipments to the U.S. soared nearly 35.4% in May from a year earlier, the highest growth since March 2021, according to Wind Information, extending a rebound following a long streak of double-digit declines for the most of last year, pressured by President Donald Trump’s tariffs.
www.cnbc.com
China’s May shipments to U.S. clock 5-year high growth at 35% as overall exports jump on tech boost
Key Points
- Exports rose 19.4% from a year earlier in U.S. dollar value terms, accelerating from the 14.1% gain in April.
- Imports growth momentum continued to build, expanding 27.4% in May, the outpacing from 25.3% in April.
- China’s economy has shown signs of faltering following a strong first-quarter.
China’s trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war, with U.S.-bound shipment logging the strongest jump in five years.
Overall exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged growth at 15%.
Shipments to the U.S. soared nearly 35.4% in May from a year earlier, the highest growth since March 2021, according to Wind Information, extending a rebound following a long streak of double-digit declines for the most of last year, pressured by President Donald Trump’s tariffs.
China's May shipments to U.S. clock 5-year high growth at 35% as overall exports jump on tech boost
Exports to the U.S. surged the most since March 2021, extending a rebound following a long streak of double-digit declines for the most of last year.
www.cnbc.com
