9 Jun 2014
China’s external sector improved in May – Danske Bank
FXStreet (Edinburgh) - Analyst Anders Fischer notes the very good performance of the recent trade figures in the Chinese economy.
Key Quotes
“China’s trade surplus soared in May as exports rose because of the strengthening global economy while imports fell unexpectedly, according to data released over the weekend”.
“The trade surplus expanded to USD36bn – from USD18.5bn in April – as exports grew 7% y/y. While exports easily topped market expectations, imports were surprisingly much weaker, declining 1.6% y/y”.
Key Quotes
“China’s trade surplus soared in May as exports rose because of the strengthening global economy while imports fell unexpectedly, according to data released over the weekend”.
“The trade surplus expanded to USD36bn – from USD18.5bn in April – as exports grew 7% y/y. While exports easily topped market expectations, imports were surprisingly much weaker, declining 1.6% y/y”.