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China’s exports surge in May

Beijing’s focus on manufacturing has fuelled trade tensions with US and Europe

China’s exports grew faster than expected in May, official customs data showed on Friday, in a boost to policymakers eager to drive economic momentum even as trade tensions rise.

Exports in dollar terms rose 7.6 per cent year on year last month, compared with expectations of a 6 per cent rise among economists polled by Reuters, and higher than any published figure since April last year.

Imports rose 1.8 per cent year on year, far behind forecasts.

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