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MNI: China May Exports Likely Boosted As Covid Lockdown Eased

MNI (Singapore)

A rebound in exports could reach double digits.

True

China’s export growth likely accelerated in May as major ports emerged from Covid-19 curbs, while imports were expected higher on improved demand, according to analysts.

Median forecasts for Thursday’s trade data anticipated exports jumping 8% y/y, up from a 3.9% gain in April, while imports were expected to have risen 2.5% y/y, quickening from the previous flat level.

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China’s export growth likely accelerated in May as major ports emerged from Covid-19 curbs, while imports were expected higher on improved demand, according to analysts.

Median forecasts for Thursday’s trade data anticipated exports jumping 8% y/y, up from a 3.9% gain in April, while imports were expected to have risen 2.5% y/y, quickening from the previous flat level.

Keep reading...Show less