China’s export machine defies gravity as shipments soar in May
China’s vast export sector continued to defy headwinds from the US-Israel war on Iran last month, as shipments skyrocketed on the back of US President Donald Trump’s visit to Beijing and robust global demand.
The country’s exports rose by 19.4 per cent year on year to US$376.78 billion in May, according to Chinese customs data released on Tuesday.
The reading was significantly higher than a forecast of 12.39 per cent growth from economists polled by financial data provider Wind.
China also saw...
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