China's May Exports Pick Up Pace, Top Forecast in Boost to Economic Recovery

June 07, 2024, 10.41 AM
Source: ReutersEditor: Yudho Winarto

CHINA - BEIJING. China's exports grew more quickly and for a second month in May, suggesting factory owners are managing to find buyers overseas and providing some relief to the economy as it battles to mount a durable recovery amid a protracted property crisis.

Outbound shipments from the world's second-largest economy grew 7.6% year-on-year last month, customs data showed on Friday, beating a forecast 6.0% increase in a Reuters poll of economists and a 1.5% rise seen in April.

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