China May imports and exports surpass forecasts

China May imports and exports surpass forecasts

China posted stronger-than-anticipated imports and exports for May notwithstanding sagging commodity prices. It drops a hint that the Chinese economy’s holding up better than previously expected notwithstanding leaping lending rates as well as a cooling property market.

Worries over China landed back on global traders’ radar after Moody's Investors Service dared to downgrade its credit rating the previous month, stressing it actually expects the financial strength of the Chinese economy will move down in the nearer future because surge slows and debt keeps ascending.

Imports have been sturdy in recent months, powered mostly by iron ore as well as other commodities employed to feed a year-long construction boom. Meanwhile, exports have rebounded due to stronger global demand, following several years of contraction.

However, surge in both imports and exports defined those hopes and leapt from April.


Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera