MNI 5 THINGS: China May Trade To Rise; Better Structured

     China's General Administration of Customs will release May trade statistics

on Thursday. Below are five things MNI would be looking for:

     - China May exports may still grow compared with the data a year ago, but

maybe at a slower pace. MNI's analyst survey shows that exports will rise by

10.5% on an annualised basis. The latest export orders index in the official

PMI, which was 51.2, is considered as solid support for exports picking up.

     - Imports in May, encouraged by growth policies as well as pressure from

the U.S. government, will likely to keep good growth momentum at a two digital

rate -- 17.3% is forecast by the MNI survey. The rise, if confirmed, will mark

the 19th consecutively monthly increase.

     - A surplus will still be of greater likelihood than a deficit, but the

amount might be smaller compared with historical May data. 

     - Trade with the U.S. will be of interest following the White House

imposition of a 25% tariff to be imposed on $50 million worth of Chinese

exports, pulling back on the "agreement" that has been reached when vice Premier

Liu He visited the U.S. in mid-May. 

     - Mechanical products, contributing to the rapid growing rate and

benefiting from "China manufacturing 2025 plan", will continue with its rising

trend.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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