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

Beijing

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 investors' radar after Moody's Investors Service downgraded its credit rating last month, saying it expects the country's financial strength will erode in coming years as growth slows and debt continues to rise.