China’s trade surplus increases in May: The implications of a CNY723.98B trade balance for the Australian dollar
In May, China’s trade balance reached 723.98 billion yuan, up from 585.69 billion yuan reported earlier. The nation’s exports surged by 13.8% year-on-year in May, a notable increase from April’s 9.8%. Meanwhile, imports rose by 21.5% year-on-year during the same timeframe, surpassing the previous growth rate of 20.6%. When measured in US dollars, China’s trade […]