China’s trade surplus soared in May as exports were lifted by a strengthening global economy, but imports fell unexpectedly.
Official data showed yesterday that the trade surplus had expanded to $36bn from $20.4bn a year ago as exports grew 7 per cent from May last year.
According to the General Administration of Customs, exports easily topped market expectations, but imports were much weaker than forecast, declining 1.6 per cent from May 2013.
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