Export Trends and Trade Surplus
's exports in May rose by 4.8% year-on-year, slightly below expectations, with a notable decrease in shipments to the by nearly 10%. This brought the trade surplus to $103.2 billion.
Exports to and the EU saw significant growth, 14.8% and 12% respectively, indicating a diversification in trade partners amidst the U.S.-China trade tensions.
Economic Indicators and Future Outlook
Domestic economic challenges are highlighted by a 0.1% decline in consumer prices and a 3.3% contraction in producer prices, signaling sluggish demand within China.
Despite a temporary suspension of tariffs between the U.S. and China, persistent trade disputes and new areas of contention, such as semiconductors and rare earths, cast uncertainty on the future of export growth. Experts predict a slowdown by year-end.