Robust Chinese Exports Will Face Headwinds In H2
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China’s trade surplus widened for the second consecutive month in May, rising to $45.5 billion from $42.9 billion. Exports decelerated to 27.9% y/y from April’s 32.3% y/y, while imports accelerated to 51.1% y/y from 43.1% y/y. The easing in exports reflects…
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