China’s foreign trade recovers in May
China’s foreign trade recovered in May, due to the easing of epidemic prevention measures in Shanghai and other important industrial centers in the country, according to Chinese customs data.
Exports rose 16.9% year-on-year to US$308.3 billion (more than €287 billion), above the 3.7% growth achieved in April. Imports rose 4.1% to US$229.5 billion (almost €214 billion), after having increased by 0.7% in the previous month.
China’s foreign trade has been hampered this year by the drop in global demand and the restrictions imposed in several cities and provinces, to prevent the spread of outbreaks of covid-19, under the “zero cases” strategy.
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