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China imports, exports in May better than unexpected but economy seen losing momentum

Growth in both China's exports and imports accelerated from April, defying expectations of a slowdown. Exports rose 8.7% from a year earlier, while imports expanded 14.8%, official data showed.


CHINA reported stronger-than-anticipated exports and imports for May despite falling commodity prices, suggesting the economy is holding up better than expected despite rising lending rates and a cooling property market.

Concerns over China landed squarely back on global...