China's Exports Surge in May

China's exports and imports expanded at a faster pace in May, topping forecasts despite disruptions from the war in Iran.

Booming demand for artificial intelligence hardware offset the energy shock, leading to a 19% jump in exports.

This strong performance offers a vital lifeline to an economy otherwise bogged down by a persistent domestic slowdown.

Meanwhile, Europe is considering steps to stem the flow of imports from China, warning of retaliation from Beijing, as it struggles to defend its industry against a 'second Chinese shock.'