China trade surges in May while prices at factory gates cool
Consumer goods' prices remain below 3% annual growth target, rising 1.5%
Beijing
CHINA'S latest economic data shows the country's economy is holding out well despite recent tightening signals from the central bank, but the manufacturing sector is likely to soften.
Imports and exports came in above expectations in May, with imports growing 14.8 per cent and exports up 8.7 per cent in US dollar terms, official data published last week showed. The trade surplus for the month rose to US$40.8 billion, from US$2 billion previously.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says