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China exports increase 8.7pc in May, up 8pc the previous month
CHINA's trade growth rebounded in May with exports rising more-than-expected 8.7 per cent year on year to US$190 billion, up from April's eight per cent, customs data shows.
Imports gained 14.8 per cent to $150.2 billion, up from the previous month's 11.9 per cent, reported The Associated Press.
Unexpectedly strong exports could lend support to economic growth that is forecast to weaken this year as Beijing tightens credit controls to reduce the risks of rising debt.
"Momentum in demand from the US and the EU continues to improve", said Louis Kuijs of Oxford Economics in a report.
Beijing is steering the country towards self-sustaining growth based on domestic consumption and reduce reliance on trade and investment, but also want to avoid job losses in export-dependent industries.
The International Monetary Fund expects this year's economic growth to decline to 6.6 per cent from last year's 6.7 per cent and to 6.2 per cent in 2018.
"The current strength of imports is unlikely to be sustained if, as we expect, slower credit growth feeds through into weaker economic activity in the coming quarters," said Julian Evans-Pritchard of Capital Economics.
Imports gained 14.8 per cent to $150.2 billion, up from the previous month's 11.9 per cent, reported The Associated Press.
Unexpectedly strong exports could lend support to economic growth that is forecast to weaken this year as Beijing tightens credit controls to reduce the risks of rising debt.
"Momentum in demand from the US and the EU continues to improve", said Louis Kuijs of Oxford Economics in a report.
Beijing is steering the country towards self-sustaining growth based on domestic consumption and reduce reliance on trade and investment, but also want to avoid job losses in export-dependent industries.
The International Monetary Fund expects this year's economic growth to decline to 6.6 per cent from last year's 6.7 per cent and to 6.2 per cent in 2018.
"The current strength of imports is unlikely to be sustained if, as we expect, slower credit growth feeds through into weaker economic activity in the coming quarters," said Julian Evans-Pritchard of Capital Economics.
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