China’s exports grew 19.4 per cent year-on-year in dollar terms last month on demand for AI-related goods as the world’s second-largest economy shook off the impact of energy shortages from the Middle East.
Export growth in May exceeded the expectations of analysts in a Reuters poll of 15 per cent and the previous month’s growth of 14.1 per cent, official data from China’s General Administration of Customs showed on Tuesday.
Imports also grew faster at 27.4 per cent compared to analysts’ expectations of 25 per cent and April’s 25.3 per cent, led higher by semiconductor imports.
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