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.
The jury is still out, however, on whether the export sales are sustainable while a protracted property crisis has led to persistent weakness in domestic demand – a factor highlighted again in last month’s imports figures.
“Headline export numbers are surprisingly good, and that confirms the underlying trend, volumes are running very high,” said Frederic Neumann, the chief Asia economist at HSBC.
Source: TRADE FINANCE
