China's Trade Balance for May, in Chinese Yuan terms, came in at CNY586.40 billion, widening from the previous figure of CNY513.45 billion. Exports jumped by 11.2% YoY in May vs. 5.1% seen in April. The country’s imports rose 5.2% YoY in the same period vs. 12.2% recorded previously. In US Dollar terms, China’s trade surplus shrank in May. Trade Balance came in at +82.62B versus +73B expected and +72.35B previous. • Exports (YoY): 7.6% vs. 6.0% expected and 1.5% previous. • Imports (YoY): 1.8% vs. 4.2% expected and 8.4% last. Additional takeaways • China Jan-May USD-denominated exports +2.7% YoY. • China Jan-May ... (full story)

China’s exports in May grew faster than expected, while imports missed forecasts, customs data showed Friday. Exports rose by 7.6% in May from a year a go in U.S. dollar terms, beating expectations for 6% growth, according to a Reuters poll. Imports, however, rose by 1.8% during that time, missing the Reuters’ forecast for 4.2% growth. In April, China’s exports rose by 1.5% year-on-year, while imports climbed by 8.4%. China’s exports have held up despite trade tensions with the U.S. and have helped support overall economic growth. The Caixin manufacturing purchasing managers’ index showed that new export orders grew ... (full story)