China’s exports grow 7.6% in May, beating expectations despite trade tensions

News Snapshot:

HONG KONG (AP) — China’s exports in May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations, according to customs data released Friday. Exports jumped 7.6% in May from the same month last year to $302.35 billion, rising at the fastest pace since April 2023. Imports rose by 1.8% to $219.73 billion, missing estimates of about 4% growth. The uptick in exports is also partly due to a lower base in the same period last year, when exports declined 7.5%. In comparison, exports grew by 1.5% in April compared...