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

June 07, 2024, 10.41 AM | Source: Reuters

ILUSTRASI. SUZHOU, CHINA - JUNE 4, 2024 - A batch of cars are about to be exported via frame transport at the Taicang Port Automobile terminal in Suzhou, Jiangsu province, China, June 4, 2024. In April 2024, the total import and export volume of automobile goods was US $25.51 billion, an increase of 6.88% from the previous month and 7.49% from the previous year. From January to April 2024, the cumulative import and export volume of auto goods in the country was 93.78 billion US dollars, an increase of 6%. (Photo by CFOTO/Sipa USA)No Use China.

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.

Thanks for reading Kontan English.

Please create account or log in.

Only Rp5,000 to continue reading.

BUY NOW!

Editor: Yudho Winarto